If you intend to give the old computer away, or sell it, yes you would need to remove Sonar to be able to install and use on the new computer.
You would use the same reg code as you did when you installed it.
But if you keep the old PC and use it yourself, then you could keep on using the installed version of Sonar in it along with Sonar being installed on the new PC. As long as you don't use both at the same time.