When you try to run any ARM licensed product, you might see the message:

A license for the feature 'product' could not be checked out.
Reason: No such feature exists.

If so, one possible reason is that a valid license file cannot be found. If your computer is running Windows, use the ARM License Wizard to install the permanent license file. See Using the ARM License Wizard if you are using a node-locked license, or Configuring the client licensing on Windows if you are using a floating license. If your computer is running Unix or Linux, you must install the permanent license file yourself. See Client license on Unix/Linux for details.

Another cause of this error message is that you have a license for an evaluation version of the ARM development tools but have since installed the full version. You must use a license compatible with the type of tools you have installed on your computer.