Company: TCPA
Filing Date: 2025-02-20
Form Type: SUPPL
Source: 0001193125-25-030844
Chunk: 32

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-02-20
Form: SUPPL
Chunk 32
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 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)                                                                                                                             
 of the Tax Act as a result of the Corporation being a “specified entity” (as defined in subsection 18.4(1)) in respect of the Noteholder (other than where the Corporation is a specified entity in respect of the Noteholder solely as a 
 result of the existence, exercise or enforcement of rights under any Notes);                                                                                                                                                              |

| (c) | to any person for any Tax by reason of such person being formerly or presently connected with the Relevant                                                                                                                                               
 Taxing Jurisdiction (otherwise than merely by holding or ownership of those Notes or receiving any payments or exercising any rights thereunder), including without limitation a non-resident insurer who carries on an insurance business in Canada and 
 in a country other than Canada;                                                                                                                                                                                                                          |

| (d) | for or on account of any Tax which would not have been so imposed, deducted or withheld but for: (i) the                                                                                                                                                  
 presentation by the holder of those Notes on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; or (ii) the holder’s                 
 failure to comply with any certification, identification, information, documentation or other reporting requirements if compliance is required by law, regulation, administrative practice or an applicable treaty as a precondition to exemption from or 
 a reduction in the rate of deduction or withholding of any such taxes, assessment or charge;                                                                                                                                                              |

| (e) | for or on account of any estate, inheritance, gift, sales, transfer, personal property tax or any similar