2658721 - Diagnostics Agent Continuously Restarting with an error "Reset P4 Broker Server Socket failed. Agent will restart" - SAP Solution Manager 7.1 and 7.2

Diagnostics Agent Restarts with an followjng error in SMDSystem.x.logs:

Error [SMDConnector.resetBroker] Reset P4 Broker Server Socket failed. Agent will restart. If the problem persists, please contact your system administrator. 
[EXCEPTION]
 Message :Can't initialize the ConnectionManager
 Exception :Message :Address already in use: JVM_Bind (local host unknown, remote port 5xxx4 to address 0.0.0.0)
 Exception :java.net.BindException: Address already in use: JVM_Bind (local host unknown, remote port 5xxx4 to address 0.0.0.0)
Root Exception :com.sap.engine.services.rmi_p4.InitializingException: Can't initialize the ConnectionManager
Root Exception :com.sap.engine.services.rmi_p4.InitializingException: Can't initialize the ConnectionManager
ID <ID>: IllegalValue in Properties

• SAP Solution Manager 7.1
• SAP Solution Manager 7.2
• Diagnostics Agent

KBA , SV-SMG-DIA , Diagnostics , Problem