If Merchant has terminated or not procured the Replacement Service, a twelve (12) month warranty period will apply for Payment Devices and accessories purchased by Merchant, starting from the shipment date of the relevant hardware. To claim under this hardware warranty, Merchant should complete a warranty claim form and return the defective Payment Device to Peri in accordance with Peri’s instructions. Peri will investigate and repair or replace the Payment Device or accessory if the defect is covered by the hardware warranty. Peri reserves the right to replace the Payment Device with a refurbished device.