Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 56

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 56
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, the Notes, all losses arising from such shortfall shall be borne by the Noteholders. The Bank has entered into an agreement with the Limited Recourse Trustee (the “TD Indemnity Agreement”) to indemnify the Limited Recourse Trustee against certain claims, liabilities, losses and damages suffered by the Limited Recourse Trustee in connection with acting as trustee of the Limited Recourse Trust. The S-32

Limited Recourse Trustee will agree to exercise and exhaust all its remedies against the Bank under the TD Indemnity Agreement prior to exercising any rights of indemnity under the Limited
Recourse Trust Declaration. Provided that the Limited Recourse Trustee has so exercised and exhausted its rights under the TD Indemnity Agreement, the Limited Recourse Trustee will be indemnified and saved harmless out of the Corresponding Limited
Recourse Trust Assets from and against all claims, liabilities, losses, damages, penalties, actions, suits, demands, levies, expenses and disbursements including, without limitation, any and all reasonable legal and adviser fees and disbursements,
whether groundless or otherwise, including costs (including legal costs on a solicitor and client basis), charges and expenses in connection therewith, brought, commenced or prosecuted against it for or in respect of any act, deed, matter or thing
whatsoever made, done, acquiesced in or omitted in or about or in relation to the execution of its duties as Limited Recourse Trustee and also from and against all other costs (including legal costs on a solicitor and client basis), charges, and
expenses which it sustains or incurs in or about or in relation to the affairs of the Limited Recourse Trust, except such as may be incurred as a result of the willful misconduct, gross negligence, fraud or bad faith of the Limited Recourse Trustee.

The Limited Recourse Trustee has entered into an agreement (as amended from time to time) (the “Administration Agreement”)
with the Bank pursuant to which the Limited Recourse Trustee has appointed the Bank to provide services on behalf of the Limited Recourse Trustee, subject to the direction and control of the Limited Recourse Trustee, in relation to the
administration of the Limited Recourse Trust. The Bank, in its role as administrative agent under the Administration Agreement (the “Administrative Agent”), will administer on behalf of and for the account of the Limited Recourse Trust
the activities of the Limited Recourse Trust in connection with the direct or indirect