Re-installing CS5.5 Student version on a new computer.

I've had this computer for a few years now and its beginning to show its age.
I also have the Student edition of Creative suite 5.5 installed on it.
So my question is, if my computer breaks down and has to be replaced, will I be able to install my student version of CS on my new computer, without having to pay etc.
I have the physical disc and code etc, so it should be fine right?
Thankyou!

As long as the software is compatible with the new machine you can install and activate.  Your license is (normally) perpetual and allows you to have two machines with activated installations, so if you purchase a new machine you can still retain the original machine as a backup if you like.  Alternatively, you can deactivate the original installation and retain the extra activation for yet another machine.

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