4.2 - Term and termination of Terminal Replacement Service

If Merchant procured Terminal Replacement Service for a Payment Terminal, then the term for such coverage starts on the day the Payment Terminal is shipped to the Merchant. The Terminal Replacement Service is procured for a period of 48 months per Payment Terminal and is invoiced monthly. Merchant can only procure and terminate Terminal Replacement Service for all Payment Terminals of a particular model that are registered to Merchant.

After this 48 months period, the Terminal Replacement Service will automatically expire and terminate without the need for prior termination notice. No fees paid for Terminal Replacement Service are rebated on termination of the Merchant Agreement or in case of loss or destruction of the Payment Terminal.