Smarts Service Assurance Suite 9.2.2 counts Physical Network Adapters as Managed Objects. The License model in Smarts Service Assurance (SA) Suite uses counts of Managed Objects.
For more information on Smarts Assurance Manager Suite and information on how SA Suite handles licensing, please see EMC article 175782 (https://support.emc.com/kb/175782) Smarts Service Assurance (SA) Suite 9.2.2: How to Generate a Smarts SA Suite License Count Report