I don't have a GUI to interact with... only command line!
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After replacing the old safe.lic with an updated one, the FlexLM License Server needs to be restarted.
cd <FlexLM_Directory>
lmutil lmdown -c <path_to_safe.lic>
lmgrd -c <path_to_safe.lic>
To verify the status of the FlexLM License Server, you can use the following command. Ensure that the proper features, license type, and number of seats are correct.
lmutil lmstat -a -c <path_to_safe.lic>