Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 143

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 143
---
 of a series of debt securities that are due and payable, or are scheduled for redemption within one year will discharge obligations under the      
 indenture relating only to that series of debt securities.                                                                                                                                                                                               |

22

Defeasance of a Series of Securities at Any Time. We may also discharge all of our obligations, other than certain obligations including those as to transfers and exchanges, under any series of debt securities at any time, which we refer to as defeasance. We may be released with respect to any outstanding series of debt securities from the covenants described above limiting consolidations, mergers, asset sales and leases, and elect not to comply with those sections without creating an event of default. Discharge under those procedures is called “covenant defeasance.” Defeasance or covenant defeasance may be effected only if, among other things:

| • |     | we irrevocably deposit with the applicable trustee cash or, in the case of debt securities payable only in U.S.                                                                                                                                       
 dollars, U.S. government obligations, as trust funds in an amount certified to be sufficient to pay on each date that they become due and payable, the principal, interest and other amounts due on, and any mandatory sinking fund payments for, all 
 outstanding debt securities of the series being defeased;                                                                                                                                                                                             |

| • |     | such deposit will not result in a breach or violation of, or constitute a default under, any agreement or 
 instrument to which we are a party or to which we are bound; and                                          |

| • |     | we deliver to the applicable trustee an opinion of counsel and an officers’ certificate stating that: |

| • |     | the beneficial owners of the series of debt securities being defeased will not recognize income, gain or loss for 
 United States federal income tax purposes as a result of the defeasance or covenant defeasance;                   |

| • |     | such beneficial owners will be subject to United States federal income tax on the same amounts, in the same              
 manner and at the same times as would have been the case if such defeasance or covenant defeasance had not occurred; and |

| • |     | in the case of a defeasance (but not a covenant defeasance), this opinion must be based on a ruling of relevant 
 tax authorities or a change in United States tax laws occurring after the date of the applicable indenture.     |

Modification of the Indenture Modification without Consent of Holders. We and