Company: TCPA
Filing Date: 2025-02-20
Form Type: SUPPL
Source: 0001193125-25-030844
Chunk: 31

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-02-20
Form: SUPPL
Chunk 31
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 taking any action enumerated in the Indenture will not be construed as an obligation or duty. No amounts owed to the Trustee under the
Indenture shall be classified or treated as subordinated indebtedness.

The Trustee shall not be deemed to have knowledge or notice of the
occurrence of any default or event of default, unless a responsible trust officer of the Trustee shall have received written notice from the Corporation or a holder describing such default or event of default, and stating that such notice is a
notice of default or event of default.

For the avoidance of doubt, the events of default specified in the prospectus under the heading “Description of Debt Securities—U.S. Indentures—Events of Default” shall not be applicable to the Notes. The events of default stated in this section shall be the only events of default applicable to the Notes.

Covenants

The Indenture
contains certain covenants of the Corporation for the benefit of Noteholders. You should refer to the description of one of these covenants under “Description of Debt Securities—Certain Covenants of the Corporation—Merger, Consolidation, Sale, Lease or Conveyance” in the prospectus.

Payment of Additional Amounts

The Corporation will, subject to the exceptions and limitations set forth below, pay to any Noteholder such additional amounts as may be
necessary so that every net payment on the Notes held by such Noteholder, after

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deduction or withholding by the Corporation or any of its paying agents for or on account of any present or future tax, assessment or other governmental charge (including penalties, interest and other liabilities related thereto) (“ Taxes”) imposed by or on behalf of (1) any jurisdiction from or through which payment on any Note is made by or on behalf of the Corporation (or any successor thereto) or any political subdivision or governmental authority thereof or therein having the power to tax; or (2) any other jurisdiction in which the Corporation (or any successor thereto) is incorporated or organized, engaged in business for tax purposes, or otherwise considered to be a resident for tax purposes, or any political subdivision or governmental authority thereof or therein having the power to tax (each of clauses (1) and (2), a “ Relevant Taxing Jurisdiction”), will not be less than the amount provided in those Notes to be then due and payable (and the Corporation will remit the full amount withheld to the relevant authority in accordance with applicable law). However, the Corporation will not