Company: TCPA
Filing Date: 2025-02-19
Form Type: SUPPL
Source: 0001193125-25-029207
Chunk: 32

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-02-19
Form: SUPPL
Chunk 32
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 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 be required to make any payment of additional amounts:

| (a) | to any person in respect of whom Taxes imposed by Canada are required to be withheld or deducted as a result of                                                                                                                          
 such person or any other person that has a beneficial interest in respect of any payment or deemed payment under those Notes (i) not dealing at arm’s length with the Corporation (within the meaning of the Income Tax Act (Canada) and 
 the regulations thereunder (collectively, the “Tax Act”)), (ii) being a “specified shareholder” (as defined in subsection 18(5) of the Tax Act) of the Corporation, or (iii) not dealing at                                              
 arm’s length (for the purposes of the Tax Act) with such a “specified shareholder”;                                                                                                                                                      |

| (b) | for or on account of Canadian withholding Taxes imposed on a deemed dividend arising under subsection 214(18)