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Yes, it is just interim matter when I convert servers and testing.
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Yes, it is just interim matter when I convert servers and testing.

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I have a few OEM windows 2003 servers which I plan to convert to VMs. Before that I want to test not to get frustrated while going through the process. <br />
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I have one volume license of windows 2003 which is already installed on one of servers in production. &nbsp;If I install another windows 2003 using the same product key on another machine as virtual machine and activate it, will it break the first server and makes deactivated automatically? Or is it just paper term we agree?
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I have a few OEM windows 2003 servers which I plan to convert to VMs. Before that I want to test not to get frustrated while going through the process. 

I have one volume license of windows 2003 which is already installed on one of servers in production.  If I install another windows 2003 using the same product key on another machine as virtual machine and activate it, will it break the first server and makes deactivated automatically? Or is it just paper term we agree?

activating Volume license for windows 2003 already installed on another physical machine

Windows Server 2003 was based on Windows XP and was released in four editions: Web, Standard, Enterprise and Datacenter. It also had derivative versions for clusters, storage and Microsoft’s Small Business Server. Important upgrades included integrating Internet Information Services (IIS), improvements to Active Directory (AD) and Group Policy (GP), and the migration to Automated System Recovery (ASR).

Windows Server 2003

VMware, a software company founded in 1998,  was one of the first commercially successful companies to offer x86 virtualization. The storage company EMC purchased VMware in 1994. Dell Technologies acquired EMC in 2016. VMware’s parent company is now Dell Technologies.

VMware has many software products that run on desktops, Microsoft Windows, Linux, and macOS, which allows the virtualizing of the x86 architecture.  Its enterprise software hypervisor for servers, VMware vSphere Hypervisor (ESXi), is a bare-metal hypervisor that runs directly on the server hardware and does not require an additional underlying operating system.

VMware

Virtualization is the act of creating a virtual (rather than actual) version of something, including (but not limited to) a virtual computer hardware platform, operating system (OS), storage device, or computer network resources. Virtualization is usually the creation of a system that executes separate from the underlying hardware resources, or the creation of an entire desktop for systems located elsewhere, similar to thin clients.