I am just a layz programmer, instead of checking database object with exists clause I simply use DROP statement before CREATE.
Surely Toad gives me error that the object does not exists and ignore the error because the next statement will create one. But after getting this error Toad gives "SQL ServerDatabase Error" and looses database info while the next statement executed successfuly.
You can see the situation on the screen shot I included.
Thanks, in advance.
PS : I am using 126.96.36.199 (64 bit) on trial