Software license on multiple computers

Hi All,
Just a short one.
If I have the latest Cubase on 3 computers via Steinberg Licensing, and I would like to buy a new computer instead of one of the 3, can I have one of the licenses on the new machine?

Use the activation manager to deactivate the old computer, then activate it on the new one.

Thank you. So it’s possible to use the license, and I don’t have to buy a new one or so.