definiens: means, with respect to a given period of time, the gross amounts invoiced in such period, less the following deductions from such gross amoun ts which are actually incurred, allowed, paid, accr ued or specifically allocated : ( 1 ) credits or allowances actually granted for dama ged products, returns or rejections of product, pri ce adjustments and billing errors ; ( 2 ) governmental and other rebates ( or equivalents thereof ) granted to managed health care organizatio ns, pharmacy benefit managers ( or equivalents thereof ), federal, state / provincial, local and other governm ents, their agencies and purchasers and reimbursers or to trade customers ; ( 3 ) normal and customary trade, cash and quantity d iscounts, allowances and credits actually allowed o r paid ; ( 4 ) distribution services agreement fees allowed or paid to Third Party distributors ; ( 5 ) transportation costs, including insurance, for outbound freight related to delivery of the product to the extent included in the gross amount invoiced ; * * * Certain confidential information contained in th is document, marked with 3 asterisks ( * * * ), has bee n omitted and filed separately with the Securities and Exchan ge Commission pursuant to Rule 24b-2 of the Securit ies Exchange Act of 1934, as amended ( 6 ) sales taxes, VAT taxes and other taxes directly linked to the sales of the Royalty Product to the extent included in the gross amount invoiced ; and ( 7 ) any other items that reduce gross sales amounts as required by United States Generally Accepted Ac counting Principles applied on a consistent basis