Company: TCPA
Filing Date: 2025-10-08
Form Type: SUPPL
Source: 0001193125-25-233745
Chunk: 118

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-10-08
Form: SUPPL
Chunk 118
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 financial statements are prepared in accordance with generally accepted accounting principles in the U.S., in which case “Generally Accepted Accounting
Principles” shall mean generally accepted accounting principles in the U.S. in effect from time to time.

“Indebtedness”, as to the Corporation, means and includes, without duplication: (i) all items of indebtedness or liability
which in accordance with Generally Accepted Accounting Principles would be considered to be direct indebtedness or liabilities of the Corporation as at the date as of which indebtedness is to be determined; (ii) the

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full amount of all liabilities of others for the repayment, either in money or in property, of borrowed money, guaranteed or endorsed (otherwise than for purposes of collection) by the
Corporation, or which the Corporation is obligated, contingently or otherwise, to purchase, or on which the Corporation is otherwise contingently liable; and (iii) liabilities secured by Purchase Money Mortgages (as defined herein) on property
owned by the Corporation or by mortgages or liens existing on such property at the time of acquisition thereof by the Corporation or by conditional sales or other title retention agreements with respect to any such property, whether or not such
liabilities shall have been assumed by the Corporation.

“Issue Date” means the date on which the applicable debt securities
are initially issued under the Canadian Unsubordinated Debt Indenture.

“Non-Recourse
Assets” means the assets directly or indirectly created, developed, constructed or acquired with or in respect of which Non-Recourse Debt has been incurred or assumed and any and all receivables,
inventory, equipment, chattel paper, intangibles and other rights, collateral or proceeds arising from or connected with the assets directly or indirectly created, developed, constructed or acquired (and, for certainty, shall include the shares or
other ownership interests of a single purpose entity which holds only such assets and other rights and collateral arising from or connected therewith) and to which recourse of the lender of such Non-Recourse
Debt (or any agent, trustee, receiver or other Person acting on behalf of such lender in respect of such Non-Recourse Debt) is limited in all circumstances (other than in respect of false or misleading
representations or warranties and customary indemnities provided with respect to such financings).

“Non-Recourse Debt” means any indebtedness, liability or other obligations (including
Purchase Money Obligations (as defined herein)), and guarantees, indemnities, endorsements (