Smart Card Returns Clause Samples

Smart Card Returns. With respect to obsolete Smart Cards in Licensee's inventory that are returned to ETC by Licensee at Licensee's expense, ETC shall replace and return current Smart Cards to Licensee at no charge to Licensee; provided that ETC may elect instead to refund Licensee the purchase price of such obsolete Smart Cards if ETC determines in its reasonable judgment that a refund is preferable to replacement for security or other legitimate business reasons.