Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 56

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 56
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 (1) | the sum of: (a) an alternate rate of interest that has been selected or recommended by the Relevant                                                      
 Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (b) the Benchmark Replacement Adjustment; |

| (2) | the sum of: (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; and |

| (3) | the sum of: (a) the alternate rate of interest that has been selected by TD or its designee as the                                                                                                                                                      
 replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar denominated floating rate notes at 
 such time and (b) the Benchmark Replacement Adjustment.                                                                                                                                                                                                 |

S-38

The term “ Benchmark Replacement Adjustment”means the first alternative set forth in the order below that can be determined by TD or its designee as of the Benchmark Replacement Date:

| (1) | the spread adjustment, or method for calculating or determining such spread adjustment (which may be a positive                                         
 or negative value or zero) that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement; |

| (2) | if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, then the ISDA 
 Fallback Adjustment; and                                                                                  |

| (3) | the spread adjustment (which may be a positive or negative value or zero) that has been selected by TD or its                                                                                                                                             
 designee giving due consideration to any industry-accepted spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark Replacement for 
 U.S. dollar denominated floating rate notes at such time.                                                                                                                                                                                                 |

The term “ Benchmark Replacement Conforming Changes”means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definitions or interpretations of interest period, the timing and frequency of determining rates and making payments of interest, the rounding of amounts or tenors, and other administrative matters) that TD or its designee decides may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if TD or its designee decides that adoption of any portion of such market practice is not administratively feasible or if TD or its designee determines that no market practice for use of