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On management and log servers, if a license expire, you wound be able to use any of the admin tools. However, management licenses are usually permanent.
On gateways, if a license expire, gateway will carry on the last installed policy. You will not be able to change it and to use any service based on subscription. Yet, gateway licenses are also usually permanent.
For any of subscriptions, when expire, the feature / service in question will be unavailable for you.
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