Office Connector uses a separate license file for each module – one for Query and one for Write.  Each license tracks its own information such as expiration dates and the maximum number of concurrent users.
Office Connector stores its license files in the Misc folder under the Timberline system directory.  This central location allows the license files to be shared by all users on the network.  License sharing allows Office Connector to implement a floating license scheme, so you can install the program as many times as you like without violating the license agreement.  A shared license also means that a given set of license keys only need to be entered once; the other machines on the network will automatically discover the new license status the next time that Excel is opened.