Why Is Inventory Sync Failing With "Number of licensed instances exceeded" Error in Ansible Tower ?

Solution Verified - Updated -

Issue

The inventory sync in tower is failing with the below error :

"ERROR    Number of licensed instances exceeded, would bring available instances to 40, system is licensed for 10.

Also some of my scheduled jobs failed with this message below in tower.log :

WARNING awx.main.access Host count exceeds available instances.

Environment

Ansible Tower

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