It does not seem to be possible to do a client/server installation of the latest versions of Toad for Oracle (10.x and later) and have the license file held centrally.
This type of install was available with earliest versions (9.7.2 and earlier).
The client/server installation method has been removed from versions 10.x.
Please refer to the Installation Guide for a list of supported installations - http://usdownloads.quest.com.edgesuite.net/Repository/support.quest.com/Toad%20for%20Oracle/10.6.1/Documentation/ToadForOracle_InstallationGuide.pdf#search=installation
Unfortunately there is no way to store the licence keys in one centralised location as they are now stored in the user's directory.
To have the user's files location saved to just one location, go to menu View | Toad Options | General and set the folder path in "Application data directory".
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