Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 142

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 142
---
2) will expressly assume or guaranty all of our obligations under such indenture; |

| • |     | immediately after such merger, consolidation, sale, lease or conveyance, we, or any such successor that has                                
 assumed our obligations, will not be in default in the performance of the covenants and conditions of such indenture applicable to us; and |

| • |     | we have delivered to the Trustee an opinion of counsel that such merger, consolidation, conveyance, transfer or 
 lease complies with the Indenture.                                                                              |

Absence of Protections against All Potential Actions of the Bank. There are no covenants or other provisions in the indentures that would afford holders of debt securities additional protection in the event of a recapitalization transaction, a change of control of the Bank or a highly leveraged transaction. The merger covenant described above would only apply if the recapitalization transaction, change of control or highly leveraged transaction were structured to include a merger or consolidation of the Bank or a sale, lease or conveyance of all or substantially all of our assets. Discharge, Defeasance and Covenant Defeasance We have the ability to eliminate most or all of our obligations on any series of debt securities prior to maturity if we comply with the following provisions. Discharge of Indenture. We may discharge all of our obligations, other than certain obligations including those as to transfers and exchanges, under the applicable indenture after we have:

| • |     | paid or caused to be paid the principal of, interest on and any other amounts due under all of the outstanding 
 debt securities in accordance with their terms;                                                                |

| • |     | delivered to the trustee for cancellation all of the outstanding debt securities; or |

| • |     | irrevocably deposited or caused to be deposited with the trustee cash or, in the case of a series of debt                                                                                                                                                
 securities payable only in U.S. dollars, U.S. government obligations in trust for the benefit of the holders of any series of debt securities issued under the indenture that have either become due and payable, or are by their terms due and payable, 
 or are scheduled for redemption, within one year, in an amount certified to be sufficient to pay on each date that they become due and payable, the principal of, interest and other amounts on, and any mandatory sinking fund payments for, those debt 
 securities, except that the deposit of cash or U.S. government obligations for the benefit of holders