Company: TDBCP
Filing Date: 2025-03-03
Form Type: 424B3
Source: 0001140361-25-006726
Chunk: 39

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-03
Form: 424B3
Chunk 39
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lying Index (or the successor underlying index) 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 Underlying Index or any successor underlying index.                                                                 |

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

| (1) | a limitation on the hours in a Market Measure Business 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 Fund (or the successor underlying fund) or the relevant futures or options contracts relating to such shares or the relevant 
 Underlying Index (or any successor underlying index) will not constitute a Market Disruption Event;                                                                                                        |

| (3) | a suspension in trading in a futures or options contract on the shares of the  Underlying Fund (or the successor underlying fund) or the relevant Underlying Index (or any successor underlying index), 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 Fund;                                                                                                             |

| (4) | subject to paragraph (3) above, a suspension of or material limitation on trading on the relevant exchange will not include any time when that exchange is closed for trading under ordinary circumstances; and |

| (5) | if applicable to an Underlying Fund or an Underlying Index with Underlying Constituents listed on the NYSE, for the purpose of clauses (A) and (C) above, any limitations on trading during significant market                             
 fluctuations under NYSE Rule 80B, or any applicable rule or regulation enacted or promulgated by the NYSE or any other self-regulatory organization or the SEC of similar scope as determined by the calculation agent, will be considered 
 “material” if so determined by the calculation agent.                                                                                                                                                                                      |

The term sheet will identify, if applicable, any additions or changes to the Market Disruption Events for an Underlying Fund, including a commodity-based Underlying Fund. Adjustments to an Index After the applicable pricing date, an Index Publisher may make a material change in the method