Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 46

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 46
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 the Indenture, the Corporation
agrees to appoint Enbridge (U.S.) Inc., as its authorized agent for service of process in any suit or proceeding arising out of or relating
to the Notes or the Indenture in connection with the Notes and for actions brought under federal or state securities laws in any federal
or state court located in the city of New York, and irrevocably submits to such jurisdiction.

Governing Law

The Notes, the related guarantees
and the Indenture will be governed by and construed in accordance with the laws of the State of New York.

Definitions

The Indenture contains, among
others, definitions substantially to the following effect:

“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:

| (a) | all goodwill, deferred assets, trademarks, copyrights and other similar intangible assets; |

| (b) | to the extent not already deducted in computing such assets and without duplication, depreciation, depletion,                           
 amortization, reserves and any other account which reflects a decrease in the value of an asset or a periodic allocation of the cost of 
 an asset; provided that no deduction shall be made under this paragraph (b) to the extent that such amount reflects a decrease in       
 value or periodic allocation of the cost of any asset referred to in paragraph (a) above;                                               |

| (c) | minority interests; |

| (d) | non-cash current assets; and |

| (e) | Non-Recourse Assets to the extent of the outstanding Non-Recourse Debt financing of such assets. |

“Financial Instrument Obligations” means obligations arising under:

| (a) | any interest swap agreement, forward rate agreement, floor, cap or collar agreement, futures or options,                                 
 insurance or other similar agreement or arrangement, or any combination thereof, entered into or guaranteed by the Corporation where the 
 subject matter of the same is interest rates or the price, value, or amount payable thereunder is dependent or based upon the interest   
 rates or fluctuations in interest rates in effect from time to time (but, for certainty, shall exclude conventional floating rate debt); |

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| (b) | any currency swap agreement, cross-currency agreement, forward agreement, floor, cap or collar agreement,                                 
 futures or options