Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 55

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 55
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 with the Trigger Event (other than any Dividend Common Shares), and such delivery of Common Shares will exhaust each holder’s remedies against the Bank for repayment of the principal amount of the Notes and any accrued but unpaid interest thereon then due and payable. The number of Common Shares issuable in connection with the Trigger Event will be calculated based on a Share Value of US$1,000. Notwithstanding the foregoing or anything else in this prospectus supplement, upon a Recourse Event that is a Trigger Event, a Noteholder shall not be entitled to receive any of the Common Shares issued to the Limited Recourse Trustee in respect of the portion of the Share Value equal to any declared and unpaid dividends (such Common Shares, the “Dividend Common Shares”), which Dividend Common Shares shall not be delivered to holders of Notes and will either be retained by the Limited Recourse Trustee or sold by the Limited Recourse Trust with the proceeds distributed to the Bank. Because of the Dividend Waiver the Bank does not expect the Contingent Conversion formula described below to result in the issuance of any Dividend Common Shares in connection with a Recourse Event that is a Trigger Event. By acquiring any Note, each holder irrevocably acknowledges and agrees with, and for the benefit of, the Bank and the Trustees that the delivery of such holder’s proportionate share of the Corresponding Limited Recourse Trust Assets to such holder shall exhaust all remedies of such holder against the Bank under the Notes, including in connection with any event of default. All claims of a holder of the Notes against the Bank shall be extinguished upon receipt by such holder of such holder’s proportionate share of the Corresponding Limited Recourse Trust Assets. If the Bank does not deliver, or fails to cause the Limited Recourse Trustee to deliver, a holder’s proportionate share of the Corresponding Limited Recourse Trust Assets to such holder, the sole remedy of such holder for any claims against the Bank shall be recourse to such holder’s proportionate share of the Corresponding Limited Recourse Trust Assets. The delivery of the Corresponding Limited Recourse Trust Assets to the Noteholders shall be applied to the payment of the principal amount of the Notes and will extinguish all claims of such holder against the Bank for repayment of the principal amount of the Notes and any accrued and unpaid interest thereon when due and payable. In case of any shortfall resulting from the value of the Corresponding Limited Recourse Trust Assets being less than the principal amount of, and any accrued and unpaid interest on