Install Office 2016 on Terminal Server

To activate multiple Office 365 users on a Terminal Server, you can follow the instructions below. 

Each User must have a Premium License 

Open the registry edit on the terminal Sever and add this Reg Key 

For Office 2013 navigate to the following directory in the registry: HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Office\15.0\ClickToRun\Configuration

For Office 2016 navigate to the following directory in the registry: HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Office\ClickToRun\Configuration

Next add a new String Value with the name "SharedComputerLicensing" then give the string a value of 1.