Company: ENBSF
Filing Date: 2025-06-18
Form Type: 424B5
Source: 0001104659-25-060642
Chunk: 31

Company: ENBRIDGE INC
Filing Date: 2025-06-18
Form: 424B5
Chunk 31
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amation, merger or arrangement is a corporation, partnership                                      
 or trust organized under the laws of Canada, or any Province or Territory thereof, the United States of America, or any State thereof      
 or the District of Columbia, and expressly assumes the obligation to pay the principal of and any premium and interest on all of the Notes 
 and perform or observe the covenants and obligations contained in the Indenture;                                                           |

| S-21 |

| (b) | immediately after giving effect to the transaction, no event of default, or event which, after notice 
 or lapse of time or both, would become an event of default, will have happened and be continuing; and |

| (c) | if, as a result of any such consolidation, amalgamation, merger or arrangement, properties or assets of                                    
 the Corporation would become subject to a mortgage, pledge, lien, security interest or other encumbrance which would not be permitted      
 by the Indenture, the Corporation or such successor, as the case may be, shall take such steps as shall be necessary effectively to secure 
 the Notes equally and ratably with (or prior to) all indebtedness secured thereby.                                                         |

Upon any consolidation, amalgamation,
merger or arrangement of the Corporation or conveyance, transfer or lease of properties and assets of the Corporation substantially as
an entirety, the successor to the Corporation will succeed to every right and power of the Corporation under the Indenture, and, except
in the case of a lease, the Corporation will be relieved of all obligations and covenants under the Indenture and the Notes.

Payment of Additional Amounts

The Corporation will, subject
to the exceptions and limitations set forth below, pay to any Noteholder of any series of Notes who is a non-resident of Canada under
the Income Tax Act (Canada) and the regulations thereunder (collectively, the “Tax Act”) such additional
amounts as may be necessary so that every net payment on the Notes held by such Noteholder, after 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) imposed by the government of Canada (or any political subdivision or taxing authority
thereof or therein) (collectively, “Canadian Taxes”) upon or as a result of such payment, will not be less than the amount
provided in those Notes to be then due and payable