Company: TDBCP
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001140361-25-006504
Chunk: 33

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-28
Form: 424B3
Chunk 33
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 Measure Business Day” means a day on which (1) the New York Stock Exchange (the “ NYSE”) and The Nasdaq Stock Market, or their successors, are open for trading and (2) the applicable Index (or any successor) is calculated and published. As to any Underlying Fund, a “ Market Measure Business Day” means a day on which the securities exchange on which that Underlying Fund has its primary listing is open for trading. If the Market Measure consists of a Basket, each Observation Level and the Ending Value of the Basket will be determined as described in “—Basket Market Measures.” Market Disruption Events PS-27 As to any Index, 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, on the primary exchange where 
 the securities included in an Index trade (without taking into account any extended or after-hours trading session), in 20% or more of the securities which then comprise the Index or any successor index; 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 Index (without taking into account any extended or after-hours trading session), whether by reason of movements in price otherwise exceeding levels permitted by the relevant 
 exchange or otherwise, in options contracts or futures contracts related to the Index, or any successor 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 relevant futures or options contracts related to the Index, or any successor index, will not constitute a Market Disruption Event; |

| (3) | a suspension in trading in a futures or options contract on the Index, or any successor 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