Company: TCPA
Filing Date: 2025-02-20
Form Type: SUPPL
Source: 0001193125-25-030844
Chunk: 109

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-02-20
Form: SUPPL
Chunk 109
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 governed by standing instructions and customary practices, as is the case with securities held for the
accounts of customers in bearer form or registered in “street name” and will be the responsibility of such participants. The responsibility and liability of the Corporation is limited to making payment of any principal and interest due on
such Canadian Registered Global Securities to CDS or its nominee.

Any other rights of a holder of a debt security issued under the
Canadian Unsubordinated Debt Indenture (including voting rights) must be exercised through a participant in CDS in accordance with the rules and procedures of CDS.

Where CDS or its nominee is not the registered owner of a Canadian Registered Global Security, as interest becomes due and payable on a fully
registered debt security issued under the Canadian Unsubordinated Debt Indenture, the Corporation, either directly or through a trustee or paying agent, will send, prior to each interest payment date, by prepaid ordinary mail, a cheque for such
interest (less any tax required to be withheld therefrom) payable to the order of the registered holder of such debt security appearing on the register maintained

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by the Canadian Trustee at the close of business on the seventh business day prior to the applicable interest payment date, and addressed to such holder at such holder’s last address
appearing on the register. In the event of non-receipt of any cheque for interest by the person to whom it is sent, the Corporation will issue to such person a replacement cheque for a like amount upon being
furnished with such evidence of non-receipt and indemnity as it shall reasonably require.

Certain Definitions

Set forth below is a summary of certain of the defined terms used in the Canadian Unsubordinated Debt Indenture.
Reference should be made to the Canadian Unsubordinated Debt Indenture for the full definition of each such term:

“Consolidated
Equity” means the shareholders’ equity appearing on the most recent audited consolidated balance sheet of the Corporation prepared in accordance with Generally Accepted Accounting Principles (as defined herein); provided that appraisal
credit increases shall not be included in Consolidated Equity.

“Consolidated Net Tangible Assets” means all consolidated assets
of the Corporation as shown on the most recent audited consolidated balance sheet of the Corporation, less the aggregate of the following amounts reflected upon such balance sheet: (i) all goodwill, trademarks, copyrights and other similar
intangible assets; (ii) to the extent not already deducted in computing such assets and without duplication, depreciation, depletion, amort