Company: TDBCP
Filing Date: 2025-10-09
Form Type: 424B3
Source: 0001140361-25-037791
Chunk: 29

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-09
Form: 424B3
Chunk 29
---
 to the maturity date, regardless of the occurrence of a Market Disruption Event or non-trading day on that day. Market Disruption Events As to any Underlying Stock (or any “ successor Underlying Stock,” which is the common equity securities or the ADRs of a Successor Entity (as defined below)), a “ Market Disruption Event” means one or more of the following events, as determined by the calculation agent:

| (A) | the suspension of or material limitation on trading, in each case, for more than two consecutive hours of trading, or during the one-half hour period preceding the close of trading, of the shares of the             
 Underlying Stock (or successor Underlying Stock) on the primary exchange where such shares trade, as determined by the calculation agent (without taking into account any extended or after-hours trading session); or |

| (B) | the suspension of or material limitation on trading, in each case, for more than two consecutive hours of trading, or during the one-half hour period preceding the close of trading, on the primary exchange that                               
 trades options contracts or futures contracts related to the shares of the Underlying Stock (or successor Underlying Stock) as determined by the calculation agent (without taking into account any extended or after-hours trading session), in 
 options contracts or futures contracts related to the shares of the Underlying Stock (, or successor Underlying Stock.                                                                                                                           |

PS-25 For the purpose of determining whether a Market Disruption Event has occurred:

| (1) | a limitation on the hours in a trading day and/or number of days of trading will not constitute a Market Disruption Event if it results from an announced change in the regular business hours of the relevant 
 exchange;                                                                                                                                                                                                      |

| (2) | a decision to permanently discontinue trading in the shares of the Underlying Stock (or successor Underlying Stock) or the relevant futures or options contracts relating to such shares will not constitute a 
 Market Disruption Event;                                                                                                                                                                                       |

| (3) | a suspension in trading in a futures or options contract on the shares of the  Underlying Stock (or successor Underlying Stock), by a major securities market by reason of (a) a price change violating limits set                            
 by that securities market, (b) an imbalance of orders relating to those contracts, or (c) a disparity in bid and ask quotes relating to those contracts, will each constitute a suspension of or material limitation on trading in futures or 
 options contracts relating to the Underlying Stock;