Waves Ltd. Launches TLC

The new Waves Theft and Lost Coverage is an exclusive program which safeguards your Waves licenses in case your iLok gets lost or stolen.

How does it work

Your permanent Waves license will be removed from your iLok. It will be replaced by a time-limited TLC license.
Every 3 months, Waves will deposit a time-limited (90-day) license in your iLok.com account. To eliminate any possible downtime, there will be an overlapping period of 7 days between licenses.
You will need to download this license to your iLok every 3 months.
In case your iLok is lost or stolen, log into your Waves account and choose the “Claim TLC” option.
Waves will deposit a new time-limited license into your iLok.com account.
This license will be valid until the date of your next scheduled 90-day license.
Download this new license to a new (or other) iLok key, and you’ll be up and running.

What else do I need to know?

TLC is available at no additional cost to V6 bundles with a minimum of 6 months of Waves Update Plan coverage remaining. (TLC is not available for single plug-ins.)
Your bundle is eligible for TLC coverage as long as your Waves Update Plan is current, for up to one year.
Upon expiration of your TLC coverage, Waves will provide a permanent license. You will then have the option to renew TLC.
TLC offers up to 2 claims per product per year. After your second claim, Waves will provide a permanent license, and TLC coverage for the current year will expire.
TLC may be cancelled at any time. If you cancel TLC, Waves will provide a permanent license for your product.
In case of TLC cancellation or 2 claims, you may renew TLC for that product only after the original TLC period has expired.
TLC coverage begins only after you have downloaded the first TLC License to your iLok key.
You must download your first license within 3 months of enrolling for TLC. If you do not, you must re-enroll for TLC.

Want more info? Check out http://www.wavesupport.net.