Company: TDBCP
Filing Date: 2025-02-27
Form Type: 424B3
Source: 0001140361-25-006127
Chunk: 29

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-27
Form: 424B3
Chunk 29
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 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 Reference Asset Constituents trade (without taking into account any extended or after‑hours trading session), in 20% or more of the Reference Asset Constituents which then comprise the Reference Asset;       |

| B. | the suspension of or material limitation on trading on the primary exchange that trades options contracts or futures contracts related to the Reference Asset or to 20% or more of the Reference Asset Constituents          
 (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 such options contracts; or |

| C. | any other event that the calculation agent determines materially interferes with our ability or the ability of any of our affiliates to (1) maintain or unwind all or a material portion of a hedge with respect to                    
 the notes that we or our affiliates have effected or may effect as described below under "Use of Proceeds and Hedging" or (2) effect trading in the Reference Asset Constituents or instruments linked to a Reference Asset generally. |

For the purpose of determining whether a market disruption event has occurred:

| 1. | a limitation on the hours in a trading 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;                                                                                                                                                                                                      |

PS-24

| 2. | a decision to permanently discontinue trading in the relevant futures or options contracts related to the Reference Asset or Reference Asset Constituents, or related to any successor index or its constituents, 
 will not constitute a market disruption event;                                                                                                                                                                    |

| 3. | a suspension in trading in a futures or options contract on the Reference Asset or Reference Asset Constituents, or related to any successor index or its constituents, 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 (and the 20% threshold set forth above is met) 
 will constitute a suspension of or material limitation on trading in such futures or options contracts;                                                                                                                                        |

| 4. | a suspension of or material limitation on trading on the relevant exchange will