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For your question 1 you can have as many credits active in your account as you like, AWS will apply the credits in the order of expiry - full details are here https://docs.aws.amazon.com/awsaccountbilling/latest/aboutv2/useconsolidatedbilling-credits.html
Questions 2, 3 & 4 sound like something that would be covered in the Ts & Cs between you and the provider.
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