So I did manage to get a better error from lmutil (below), but I'm not quite sure what to make of it.
U:\engr3181_work\tach_project\de10_tach\simulation\qsim>lmutil lmdiag intelqsim
lmutil - Copyright (c) 1989-2019 Flexera. All Rights Reserved.
FlexNet diagnostics on Fri 1/28/2022 09:45
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License file: 27xyz@xyz.trinity.edu
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No licenses for intelqsim in license file/TS
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License file: 27abc@abc.trinity.edu
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"intelqsim" v2022.10, vendor: mgcld, expiry: 29-oct-2022
vendor_string: 6D0C396A
License server: ITS-ABC
floating license starts: 29-oct-2021, expires: 29-oct-2022
This license cannot be checked out because:
Invalid returned data from license server system.
Feature: intelqsim
License path: 27xyz@xyz.trinity.edu;27abc@abc.trinity.edu;
FlexNet Licensing error:-12,51025
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U:\engr3181_work\tach_project\de10_tach\simulation\qsim>