Citrix Xenserver 7.1CU2 to Citrix Hypervisor 8.2 upgrade gets stuck at Boot Screen for servers with HPE Smart Array

After the Host is booted into the installer kernel it gets stuck at following screen...

Error: "One or more issues were detected with your licensing configuration" during XenApp/XenDesktop upgrade to 7.16

When upgrading a Delivery Controller to version 7.16, a Citrix licensing error message might appear "One or more issues were detected with your licensing configuration. If unresolved, such issues will affect users' ability to access applications and desktops after the site upgrade"...