Error "Access Violation in TDM.exe" occurs when opening a model within a project. i.e.
From the Application View pane expand the Project | expand Models | Double-click the model to open.
Project files had been moved from one PC to another.
In current version Projects have absolute paths in configuration, so moving project manually causes AV on model opening.
WORKAROUND
Use File | Open | Model to open the model
STATUS
Waiting for fix in a future release of Toad Data Modeler
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