You have network communications issue
For a client machine to be able to check out licenses from a server machine. The client machine must be able to resolve the IP of server and communicate via port 2325.
Please do the following to test whether your machine satisfies this.
You can do that by launching CMD Prompt then type
These should resolve to an ip address
telnet HVS-ITS-LIC03 2325
If it connects, you will see a blank screen; otherwise, it will throw error
Note that your machine may not have telnet feature turned on. You can turn it on by typing Windows features in "Search Windows" tool box , then look for "Turns Windows features on or off" and launch this. Then, scroll down to the bottom and check "Telnet Client" > OK