This procedure, also shown in the video, shows how to configure a renewed Network License file:
Rename the license file to altair_lic.dat
Place it in the installation location of the Altair License Manager.
Restart Altair License Server from services.msc panel.
Note: No other license files other than the current license file, should be present in the installation directory.
This process is used when configuring a new license file with the existing license server. It can be followed when upgrading to a different version license file.