Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 167

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 167
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, any of the structured warrants at our option at any time prior to expiration, upon the giving of a notice of redemption as described below, if:

| (i) | as a result of any change (including any announced prospective change) in or amendment to the laws or treaties                                                                                                                                          
 (or any rules, regulations, rulings or administrative pronouncements thereunder) of Canada or of any political subdivision or taxing authority thereof or therein affecting taxation, or any change in official position regarding the application or   
 interpretation of such laws, treaties, rules, regulations, rulings or administrative pronouncements (including a holding by a court of competent jurisdiction), which change or amendment is announced or becomes effective on or after the date of the 
 prospectus supplement relating to the applicable structured warrants, in the written opinion of our legal counsel of                                                                                                                                    |

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| recognized standing, we have or will become obligated to pay, on the next succeeding date on which any amount payable is due, Additional Amounts (assuming, in the case of any announced 
 prospective change, that such announced change will become effective as of the date specified in such announcement and in the form announced); or                                        |

| (ii) | on or after the date of the prospectus supplement relating to the applicable structured warrants, any action                                                                                                                                            
 has been taken by any taxing authority of, or any decision has been rendered by a court of competent jurisdiction in, Canada or any political subdivision or taxing authority thereof or therein, including any of those actions specified in the       
 paragraph immediately above, whether or not such action was taken or decision was rendered with respect to us, or any change, amendment, application or interpretation shall be officially proposed, which, in any such case, in the written opinion of 
 our legal counsel of recognized standing, will result in our becoming obligated to pay, on the next succeeding date on which any amount payable is due, Additional Amounts (assuming, in the case of any announced prospective change, that such        
 announced change will become effective as of the date specified in such announcement and in the form announced);                                                                                                                                        |

and, in any such case, we in our business judgment determine that such obligation cannot be avoided by the use of reasonable measures available to us. For the avoidance of doubt, reasonable measures do not include a change in the terms of the structured warrants or a substitution of the issuer. The redemption price of the structured warrants will be determined in the manner described in the prospectus supplement. Prior to the giving of any notice of redemption pursuant to the above paragraph, we