Issues with Running ifort

HI,

After installation of Parallel Studio XE 2016 Update 1, I am getting some issues while running ifort. Please provide some pointers

This is the error message:

Error: A license for Comp-FL is not available (-76,61026,2).

License file(s) used were (in this order):
    1.  Trusted Storage
**  2.  /home/shm82/intel/compilers_and_libraries_2016.1.150/linux/bin/intel64/../../Licenses
**  3.  /home/shm82/Licenses
**  4.  /opt/intel/licenses
**  5.  /Users/Shared/Library/Application Support/Intel/Licenses
**  6.  /home/shm82/intel/compilers_and_libraries_2016.1.150/linux/bin/intel64/*.lic

Please visit http://software.intel.com/sites/support/ if you require technical assistance.

ifort: error #10052: could not checkout FLEXlm license