What happens if I load iWork to my second computer?

Recently purchased a new MacBook and iWork '09 to go with it. Still have old G4 iBook that my kids use, and am wondering if anything terrible would happen if I also loaded that same iWork on the old computer.
Thanks,
Ed

Thank you Peggy and also thanks to Tulse for answering my question.
Sorry I wasn't able to check "Solved" for both you and Tulse, but at least I was able to mark Tulse's reply "Helpful."
Now I have to decide how I feel about not being in compliance with the software agreement. Easy to rationalize loading on both computers, and I'm sure many people do, but if everyone did, it really would hurt the companies who spend money developing the software.
Since I'm an Apple shareholder (purchased back when it was $8.56) it would be hurting me.

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========================================================
Interval Since Last Panic Report: 11870786 sec
Panics Since Last Report:          1
Anonymous UUID:                    D14ABFE9-6DC4-4D31-91C2-54DB1A700EEA
Sun Nov 25 18:50:04 2012
panic(cpu 1 caller 0xffffff8000285c7e): "Spinlock acquisition timed out: lock=0xffffff800089e620, lock owner thread=0xffffff8015528260, current_thread: 0xffffff801b865098, lock owner active on CPU 0x7"@/SourceCache/xnu/xnu-1504.15.3/osfmk/i386/locks_i386.c:374
Backtrace (CPU 1), Frame : Return Address
0xffffff80b1243de0 : 0xffffff8000204d15
0xffffff80b1243ee0 : 0xffffff8000285c7e
0xffffff80b1243f30 : 0xffffff800046f474
0xffffff80b1243f60 : 0xffffff8000285b66
0xffffff80b1243fa0 : 0xffffff80002c8527
BSD process name corresponding to current thread: kernel_task
Mac OS version:
10K549
Kernel version:
Darwin Kernel Version 10.8.0: Tue Jun 7 16:32:41 PDT 2011; root:xnu-1504.15.3~1/RELEASE_X86_64
System model name: MacBookPro8,2 (Mac-94245A3940C91C80)
System uptime in nanoseconds: 133331970623030
unloaded kexts:
com.apple.filesystems.msdosfs    1.6.3 (addr 0xffffff7f81199000, size 0x49152) - last unloaded 34109349239445
loaded kexts:
com.AmbrosiaSW.AudioSupport    4.0
com.apple.driver.MaxTranserSizeOverrideDriver    2.6.1 - last loaded 31699210783562
com.apple.filesystems.autofs    2.1.0
com.apple.driver.AGPM    100.12.31
com.apple.driver.AppleHWSensor    1.9.3d0
com.apple.driver.AppleMikeyHIDDriver    1.2.0
com.apple.driver.AudioAUUC    1.57
com.apple.driver.AppleHDA    2.0.8f3
com.apple.driver.AppleMikeyDriver    2.0.8f3
com.apple.driver.AppleUpstreamUserClient    3.5.7
com.apple.driver.AppleMCCSControl    1.0.26
com.apple.kext.ATIFramebuffer    6.4.2
com.apple.driver.AppleIntelHDGraphics    6.4.2
com.apple.driver.SMCMotionSensor    3.0.1d2
com.apple.Dont_Steal_Mac_OS_X    7.0.0
com.apple.driver.AudioIPCDriver    1.1.6
com.apple.driver.ACPI_SMC_PlatformPlugin    4.7.0a1
com.apple.driver.AppleLPC    1.5.1
com.apple.driver.AppleMuxControl    3.0.17
com.apple.ATIRadeonX3000    6.4.2
com.apple.kext.AppleSMCLMU    1.5.2d10
com.apple.driver.AppleIntelSNBGraphicsFB    6.4.2
com.apple.driver.AppleUSBTCButtons    201.6
com.apple.driver.AppleUSBTCKeyboard    201.6
com.apple.driver.AppleIRController    303.8
com.apple.iokit.SCSITaskUserClient    2.6.9
com.apple.BootCache    31.1
com.apple.AppleFSCompression.AppleFSCompressionTypeZlib    1.0.0d1
com.apple.iokit.IOAHCIBlockStorage    1.6.6
com.apple.driver.AppleSDXC    1.0.4
com.apple.driver.AppleFWOHCI    4.7.7
com.apple.driver.AirPort.Brcm4331    433.11.5
com.apple.iokit.AppleBCM5701Ethernet    3.0.8b2
com.apple.driver.AppleUSBHub    4.2.5
com.apple.driver.AppleEFINVRAM    1.4.0
com.apple.driver.AppleSmartBatteryManager    160.0.0
com.apple.driver.AppleAHCIPort    2.2.0
com.apple.driver.AppleACPIButtons    1.3.6
com.apple.driver.AppleRTC    1.3.1
com.apple.driver.AppleUSBEHCI    4.2.6
com.apple.driver.AppleHPET    1.5
com.apple.driver.AppleSMBIOS    1.7
com.apple.driver.AppleACPIEC    1.3.6
com.apple.driver.AppleAPIC    1.4
com.apple.driver.AppleIntelCPUPowerManagementClient    142.6.0
com.apple.security.sandbox    1
com.apple.security.quarantine    0
com.apple.nke.applicationfirewall    2.1.14
com.apple.driver.AppleIntelCPUPowerManagement    142.6.0
com.apple.iokit.IOSCSIBlockCommandsDevice    2.6.9
com.apple.iokit.IOUSBMassStorageClass    2.6.7
com.apple.driver.AppleProfileReadCounterAction    17
com.apple.driver.AppleProfileTimestampAction    10
com.apple.driver.AppleProfileThreadInfoAction    14
com.apple.driver.AppleProfileRegisterStateAction    10
com.apple.driver.AppleProfileKEventAction    10
com.apple.driver.AppleProfileCallstackAction    20
com.apple.driver.DspFuncLib    2.0.8f3
com.apple.driver.AppleSMBusController    1.0.10d0
com.apple.iokit.IOFireWireIP    2.0.4
com.apple.iokit.IOSurface    74.2
com.apple.iokit.IOBluetoothSerialManager    2.4.5f3
com.apple.iokit.IOSerialFamily    10.0.3
com.apple.driver.AppleHDAController    2.0.8f3
com.apple.iokit.IOHDAFamily    2.0.8f3
com.apple.iokit.IOAudioFamily    1.8.3fc2
com.apple.kext.OSvKernDSPLib    1.3
com.apple.driver.ApplePolicyControl    3.0.17
com.apple.iokit.AppleProfileFamily    41
com.apple.driver.IOPlatformPluginFamily    4.7.0a1
com.apple.driver.AppleSMBusPCI    1.0.10d0
com.apple.driver.AppleGraphicsControl    3.0.17
com.apple.driver.AppleBacklightExpert    1.0.2
com.apple.iokit.IONDRVSupport    2.2.1
com.apple.driver.AppleSMC    3.1.0d5
com.apple.kext.ATI6000Controller    6.4.2
com.apple.kext.ATISupport    6.4.2
com.apple.iokit.IOGraphicsFamily    2.2.1
com.apple.driver.AppleThunderboltDPInAdapter    1.5.9
com.apple.driver.AppleThunderboltDPAdapterFamily    1.5.9
com.apple.driver.AppleThunderboltPCIDownAdapter    1.2.1
com.apple.driver.BroadcomUSBBluetoothHCIController    2.4.5f3
com.apple.driver.AppleUSBBluetoothHCIController    2.4.5f3
com.apple.iokit.IOBluetoothFamily    2.4.5f3
com.apple.driver.AppleUSBMultitouch    207.7
com.apple.iokit.IOUSBHIDDriver    4.2.5
com.apple.driver.AppleUSBMergeNub    4.2.5
com.apple.driver.AppleUSBComposite    3.9.0
com.apple.iokit.IOSCSIMultimediaCommandsDevice    2.6.9
com.apple.iokit.IOBDStorageFamily    1.6
com.apple.iokit.IODVDStorageFamily    1.6
com.apple.iokit.IOCDStorageFamily    1.6.1
com.apple.driver.XsanFilter    402.1
com.apple.iokit.IOAHCISerialATAPI    1.2.6
com.apple.iokit.IOSCSIArchitectureModelFamily    2.6.9
com.apple.driver.AppleThunderboltNHI    1.3.2
com.apple.iokit.IOThunderboltFamily    1.7.4
com.apple.iokit.IOFireWireFamily    4.2.7
com.apple.iokit.IO80211Family    320.1
com.apple.iokit.IONetworkingFamily    1.10
com.apple.iokit.IOUSBUserClient    4.2.4
com.apple.iokit.IOAHCIFamily    2.0.7
com.apple.driver.AppleEFIRuntime    1.4.0
com.apple.iokit.IOHIDFamily    1.6.6
com.apple.iokit.IOUSBFamily    4.2.6
com.apple.iokit.IOSMBusFamily    1.1
com.apple.kext.AppleMatch    1.0.0d1
com.apple.security.TMSafetyNet    6
com.apple.driver.DiskImages    289
com.apple.iokit.IOStorageFamily    1.6.3
com.apple.driver.AppleACPIPlatform    1.3.6
com.apple.iokit.IOPCIFamily    2.6.8
com.apple.iokit.IOACPIFamily    1.3.0
Panic(CPU 7): NMIPI for spinlock acquisition timeout, spinlock: 0xffffff800089e620, spinlock owner: 0xffffff8015528260, current_thread: 0xffffff8015528260, spiRAX: 0xffffff8016457520, RBX: 0x00007940f1212773, RCX: 0xffffff8016458f40, RDX: 0xffffff8013d0cc78
RSP: 0xffffff80b13ebef0, RBP: 0xffffff80b13ebef0, RSI: 0xffffff800089e698, RDI: 0xffffff80162df950
R8: 0x00007940f1212773, R9: 0xffffff800089e698, R10: 0x00000000000003e8, R11: 0x0000000000000000
R12: 0xffffff80162df950, R13: 0x0000000000000001, R14: 0xffffff800027dace, R15: 0xffffff800085ae38
RFL: 0x0000000000000093, RIP: 0xffffff800020bf2c, CS: 0x0000000000000008, SS: 0x0000000000000010
Backtrace (CPU 7), Frame : Return Address
0xffffff80aa2daf50 : 0xffffff80002d76f6
0xffffff80aa2daf80 : 0xffffff80002d0322
0xffffff80aa2dafd0 : 0xffffff80002e40d2
0xffffff80b13ebef0 : 0xffffff800020bc59
0xffffff80b13ebf20 : 0xffffff800027db60
0xffffff80b13ebf60 : 0xffffff80002c3095
0xffffff80b13ebfa0 : 0xffffff80002e4894
BSD process name corresponding to current thread: firefox
Model: MacBookPro8,2, BootROM MBP81.0047.B27, 4 processors, Intel Core i7, 2.2 GHz, 8 GB, SMC 1.69f3
Graphics: AMD Radeon HD 6750M, AMD Radeon HD 6750M, PCIe, 1024 MB
Graphics: Intel HD Graphics 3000, Intel HD Graphics 3000, Built-In, 512 MB
Memory Module: global_name
AirPort: spairport_wireless_card_type_airport_extreme (0x14E4, 0xD6), Broadcom BCM43xx 1.0 5.100.198.104.5)
Bluetooth: Version 2.4.5f3, 2 service, 19 devices, 1 incoming serial ports
Network Service: AirPort, AirPort, en1
Serial ATA Device: TOSHIBA MK7559GSXF, 698.64 GB
Serial ATA Device: OPTIARC DVD RW AD-5970H
USB Device: Hub, 0x0424 (SMSC), 0x2513, 0xfd100000 / 2
USB Device: IR Receiver, 0x05ac (Apple Inc.), 0x8242, 0xfd110000 / 3
USB Device: FaceTime HD Camera (Built-in), 0x05ac (Apple Inc.), 0x8509, 0xfa200000 / 3
USB Device: Hub, 0x0424 (SMSC), 0x2513, 0xfa100000 / 2
USB Device: Apple Internal Keyboard / Trackpad, 0x05ac (Apple Inc.), 0x0245, 0xfa120000 / 5
USB Device: BRCM2070 Hub, 0x0a5c (Broadcom Corp.), 0x4500, 0xfa110000 / 4
USB Device: Bluetooth USB Host Controller, 0x05ac (Apple Inc.), 0x821a, 0xfa113000 / 7

https://bugs.archlinux.org/task/40304

I've upgraded to mountain lion and now cannot use microsoft office--what happened?

I've upgraded to ox Mountain Lion and now cannot use any of my Microsoft office software. What happened?

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[click on image to enlarge]
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What happens if I load iWork to my second computer?

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