definiens: : shall mean the amounts invoiced from the sale of Licensed Product by COMPANY, its Affiliates or a Sublicensee to any third parties, in accordance with generally accepted accounting principles, less the following deductions : ( a ) Allowances and rebates actually paid, granted or accrued, including rejections, damaged or defective goods, returns, recalls, retroactive price reductions, rebates, charge backs and prompt payment and volume discounts, billing errors, reimbursements or similar payments to wholes alers or other distributors, buying groups health insurance carriers or other institutions, pharmacy benefit management companies, health maintenance organizations or any governmental or regulatory authority or agency ( including their purchasers and/or rei mbursers ), adjustments from consumer discount programs ; and ( b ) In the event gross sales includes freight, transportation, packing, handling, storage fees, governmental duties relating to sales or taxes and/or insurance charges associated with transpor tation, such amounts will be deducted to calculate Net Sales subject to Royalty . When such fees are invoiced separately, these amounts will be excluded from any gross to Net Sales calculations