Remove invalid server entries in the LDAP.ORA file. Also try to leave just one server entry. This will limit the amount of server reads / waits Toad needs to do.
See example below. Remove or comment out the server entries that are not needed.
DIRECTORY_SERVERS = (dns01.dol.state.nj.us:3838, dns02.dol.state.nj.us:3838, dolsf12k-b.dol.state.nj.us:3838, tnsmanager.dol.state.nj.us:3838)
NOTE: Make a Backup copy of the said file before making changes.
The default location for this file in 10g and 11g is:
10g - C:\oracle\product\10.2.0\client_1\NETWORK\ADMIN\
11g - C:\app\<YOUR_USER>\product\11.2.0\client_1\NETWORK\ADMIN\
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