Company: TCPA
Filing Date: 2025-02-19
Form Type: SUPPL
Source: 0001193125-25-029207
Chunk: 98

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-02-19
Form: SUPPL
Chunk 98
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 Non-Recourse Debt (as defined 
 below) or Purchase Money Obligations (as defined below);          |

| (3) | any Security Interest granted by the Corporation in favour of a Subsidiary (as defined below) of the 
 Corporation;                                                                                         |

| (4) | any Security Interest incidental to, and which does not materially interfere with, the ordinary conduct of the    
 business or operations of the Corporation (other than the borrowing of money or the repayment of money borrowed); |

| (5) | liens or deposits under or to secure workers’ compensation, social security, unemployment insurance or                                                                                                                                                 
 similar legislation; liens or deposits in connection with bids, tenders, leases, contracts or expropriation proceedings; liens or deposits to secure public or statutory obligations; and liens or deposits to secure surety or appeal bonds, costs of 
 litigation when required by law or other obligations of a like nature;                                                                                                                                                                                 |

| (6) | liens or claims incidental to current construction, mechanics’, warehousemen’s, carriers’ and                                                                                                                                                            
 other similar liens; liens or privileges imposed by law, such as builders’, carriers’, warehousemen’s, landlords’, mechanics’ and materialmen’s liens and privileges; liens and privileges arising out of judgments or                                   
 awards with respect to which the Corporation is prosecuting an appeal or proceedings for review and with respect to which it has secured a stay of execution pending such appeal or proceedings for review; liens for taxes, assessments or governmental 
 charges or levies not at the time due and delinquent or the validity of which is being contested at the time by the Corporation in good faith; liens securing workmen’s compensation assessments; undetermined or inchoate liens, privileges and         
 charges incidental to, and which do not materially interfere with, current operations which have not at such time been filed pursuant to law against the Corporation or which relate to obligations not due or delinquent; and the deposit of cash or    
 securities in connection with any lien or privilege referred to in this clause (6);                                                                                                                                                                      |

20

| (7) | minor encumbrances, including, without limitation, easements, rights-of-way, servitudes or other similar rights in land granted to or reserved by other Persons, rights-of-way for sewers,                               
 electric lines, telegraph and telephone lines and oil and natural gas pipelines and other similar purposes, or zoning or other restrictions as to the use of real properties, which enc