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Merge pull request #285176 from bandersmsft/reservation-exchanges
MCM - Update reservation-exchanges for Yasukuni
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articles/cost-management-billing/reservations/exchange-and-refund-azure-reservations.md

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@@ -125,7 +125,7 @@ Azure has the following policies for cancellations, exchanges, and refunds.
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**Refund policies**
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- We're currently not charging an early termination fee, but in the future there might be a 12% early termination fee for cancellations.
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- The total canceled commitment can't exceed 50,000 USD in a 12-month rolling window for a billing profile or single enrollment. For example, assume you have a three-year reservation (36 months). It costs 100 USD per month. It gets refunded in the 12th month. The canceled commitment is 2,400 USD (for the remaining 24 months). After the refund, your new available limit for refund is 47,600 USD (50,000-2,400). In 365 days from the refund, the 47,600 USD limit increases by 2,400 USD. Your new pool is 50,000 USD. Any other reservation cancellation for the billing profile or EA enrollment depletes the same pool, and the same replenishment logic applies.
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- The total canceled commitment can't exceed 50,000 USD in a 12-month rolling window for a billing profile or single enrollment. For example, assume you have a three-year reservation (36 months). It costs 100 USD per month. It gets refunded in the 12th month. The canceled commitment is 2,400 USD (for the remaining 24 months). After the refund, your new available limit for refund is 47,600 USD (50,000-2,400). In 365 days from the refund, the 47,600 USD limit increases by 2,400 USD. Your new pool is 50,000 USD. Any other reservation cancellation for the billing profile or EA enrollment depletes the same pool, and the same replenishment logic applies. This example also applies to the monthly payment method.
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- Azure doesn't process any refund that exceeds the 50,000 USD limit in a 12-month window for a billing profile or EA enrollment.
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- Refunds that result from an exchange don't count against the refund limit.
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- Refunds are calculated based on the lowest price of either your purchase price or the current price of the reservation.

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