Company: TCPA
Filing Date: 2025-10-08
Form Type: SUPPL
Source: 0001193125-25-233745
Chunk: 108

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-10-08
Form: SUPPL
Chunk 108
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| (4) | the Corporation makes a general assignment for the benefit of its creditors, or shall be declared bankrupt, or                                                                                                                        
 if a custodian, or a sequestrator or a receiver and manager or any other officer with similar powers shall be appointed for, or an encumbrancer takes possession of, the property of the Corporation or any substantial part thereof; |

| (5) | any process of execution is enforced or levied upon any substantial part of the property of the Corporation and                                                                                                                                        
 remains unsatisfied for a period of 60 days, as to moveable or personal property, or 90 days, as to immovable or real property, provided that such process is not in good faith disputed by the Corporation, or, if so disputed, the Corporation shall 
 have given evidence satisfactory to the Canadian Trustee that it has available a sum sufficient to pay, in full, the amount claimed in the event that it shall be held to be a valid claim;                                                            |

| (6) | the Corporation fails to make any payment at maturity, including any applicable grace period, in respect of any                                                                                                                                         
 issue of Indebtedness in an aggregate amount in excess of the greater of 5% of Consolidated Equity (as defined below) and $100.0 million, or the equivalent thereof in any other currency, and such failure shall have continued for a period of 30     
 days after written notice thereof shall have been given to the Corporation by the Canadian Trustee, or to the Corporation and the Canadian Trustee by the holders of not less than 25% in aggregate principal amount of the outstanding debt securities 
 under the Canadian Unsubordinated Debt Indenture;                                                                                                                                                                                                       |

| (7) | a default with respect to any Indebtedness, which default results in the acceleration of any issue of                                                                                                                                             
 Indebtedness in an aggregate amount in excess of the greater of 5% of Consolidated Equity and $100.0 million, or the equivalent thereof in any other currency, without such Indebtedness having been discharged or such acceleration having been  
 cured, waived, rescinded or annulled for a period of 30 days after written notice thereof shall have been given to the Corporation by the Canadian Trustee, or to the Corporation and the Canadian Trustee by the holders of not less than 25% in 
 aggregate principal amount of the outstanding debt securities under the Canadian Unsubordinated Debt Indenture; and                                                                                                                               |

| (8) | the Corporation