definiens: means the gross amount invoiced by Company and Licensed Entities for sales, leases or other transfers, provision of service, or use of Licensed Products after deduction of all the following determined in accordance with U.S. Generally Accepted Accounting Principles ( ) or International Financial Reporting Standards ( ), as designated and used by Company and Licensed Entities, as applicable, in preparing its co nsolidated financial statements from time to time, in each case, solely to the extent documented to University as directly attributable to one or more Licensed Products and included in the invoiced amount for such Licensed Products : i. customary trad e, quantity, or cash discounts and rebates ( including chargebacks and allowances ), actually allowed and taken ( e.g., rebates and similar payments made with respect to sales paid for by any governmental or regulatory authority such as, by way of illustratio n and not in limitation of the Parties ’ rights hereunder, Federal or state Medicaid, Medicare or similar state program or equivalent foreign governmental program ) ; ii . amounts repaid or credited to customers on account of rejections, returns or recall of goods, rebates or bona fide price reductions ; iii . customs, and excise duties, sales taxes and other governmental customs charges paid by or on behalf of a License d Entity ; iv . reasonable charges for delivery or transportation and insurance relating to such delivery or transportation provided by and paid by a Licensed Entity to a third party ( excluding amounts reimbursed ) ; and v. any invoiced amounts that are not collected by Company and its Licensed Entities, including bad debts relating to such Licensed Products, such deductions only to be taken after Company ’s and Licensed Entities ’ write -off of such uncollected amounts or bad d ebts