definiens: shall mean, with respect to a particular time period, the amount billed by [COMPANY], its Affiliates and Permitted Sublicensees for sales of Licensed Products made in such time period to a Third Party less : ( i ) discounts, including cash and quantity discounts, charge -back payments and rebates granted to managed health care organizations or to federal, state and local governments, their agencies, purchasers and reimbursers or to trade customers ; ( ii ) credits or allowances actually granted upon claims, damaged goods, rejections or returns of such Licensed Products, including recalls ; ( iii ) freight, postage, shipping, transportation and insurance charges actually allowed or paid for delivery of Licensed Products ; and ( iv ) taxes ( other than income taxes ), duties or other governmental charges levied on, absorbed or otherwise imposed on sale of such Licensed Products, including without limitation value -added taxes, or other governmental cha rges otherwise measured by the billing, as adjusted for rebates and refunds