What happens when the number of licensed sessions is exceeded?

Let’s says that I have FreeSBC with 2,000 sessions and all sessions are currently used. What happens when I get the INVITE for the 2,001st call?

Excess calls are dropped due to “congestion” (SIP release cause can be configured, the default is “503 Service unavailable”. There is a warning in the web portal when calls are dropped due to congestion, in the global status page.