2789109 - Error: There is no valid license for ASE server - SAP ASE

kernel  SySAM: Checked in license for 8 ASE_CORE (9999.12310/permanent/1A60 BF33 37E2 1A0E).
kernel  SySAM: Using licenses from: E:\sybase\SYSAM-2_0\licenses\hostname_company.lic
kernel  SySAM: Checked out graced license for 1 ASE_CORE (2011.1214) will expire Fri May 03 13:35:39 20XX.
kernel  SySAM: Failed to obtain license(s) for ASE_CORE feature from license file(s) or server(s).
kernel  SySAM: The desired vendor daemon is down.
kernel  SySAM:  Check the lmgrd log file, or try lmreread.
kernel  SySAM: License feature name:  ASE_CORE
kernel  SySAM: Vendor:Host:  hostname
kernel  SySAM: License search path:   E:\sybase\SYSAM-2_0\licenses\hostname_company.lic;
kernel  SySAM: FLEXnet Licensing error:-97,121
kernel  SySAM: For further information, refer to the Sybase Software Asset Management website at http://www.sybase.com/sysam
Error: 131274, Severity: 17, State: 1
kernel  SySAM: WARNING: ASE will shutdown on Fri May 03 13:35:39 20XX, unless a suitable ASE_CORE license is obtained before that date.
kernel  This product is licensed to: company

Followed by: 

kernel  There is no valid license for ASE server product. Installation date is not found or installation grace period has expired. Server will not boot.
kernel  SySAM: Using licenses from: E:\sybase\SYSAM-2_0\licenses\hostname_comany.lic
kernel  SySAM: Failed to obtain license(s) for ASE_CORE feature from license file(s) or server(s).
kernel  SySAM: The desired vendor daemon is down.
kernel  SySAM:  Check the lmgrd log file, or try lmreread.
kernel SySAM: License feature name:  ASE_CORE
kernel SySAM: Vendor:Host:   myhostname
kernel  SySAM: License search path:   E:\sybase\SYSAM-2_0\licenses\hostname_company.lic;
kernel  SySAM: FLEXnet Licensing error:-97,121
kernel  SySAM: For further information, refer to the Sybase Software Asset Management website at http://www.sybase.com/sysam
kernel  There is no valid license for ASE server product. Installation date is not found or installation grace period has expired. Server will not boot.

SAP Adaptive Server Enterprise (ASE)

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