After applying the commercial license key into the commercial version of Toad, it still displays that the trial key will expire in X days.
This is normal behavior.
The trial key still has time remaining before expiring.
A trial key may have more options available than the commercial key purchased.
Thus, by design, the trial key takes precedence over the commercial key.
WORKAROUND 1:
One can simply wait till the trial expires.
Once the trial key has expired, the commercial key will automatically be accepted.
WORKAROUND 2:
Under Help | Licensing, select the trial key and click "Delete License"
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