Company: ENBSF
Filing Date: 2025-06-16
Form Type: 424B5
Source: 0001104659-25-059675
Chunk: 44

Company: ENBRIDGE INC
Filing Date: 2025-06-16
Form: 424B5
Chunk 44
---
 Direct Participants
shall be the responsibility of the Depositary, and disbursement of such payments to the Beneficial Owners shall be the responsibility
of Direct and Indirect Participants.

| S-29 |

The Depositary may discontinue
providing its services as securities depository with respect to the Notes at any time by giving reasonable notice to the Corporation or
the Trustee. Under such circumstances, in the event that a successor securities depository is not obtained, Notes in definitive form are
required to be printed and delivered to each Noteholder. No Global Security may be exchanged in whole or in part, and no transfer of a
Global Security in whole or in part may be registered, in the name of any person other than the Depositary for the Global Security or
its nominee unless (1) the Depositary (A) has notified the Corporation that it is unwilling or unable to continue as Depositary
for the Global Security or (B) has ceased to be a clearing agency registered under the U.S. Exchange Act, or (2) there shall
have occurred and be continuing an event of default under the Indenture. Except for certain restrictions set forth in the Indenture, no
service charge will be made for any registration of transfer or exchange of the Notes, but the Corporation may, in certain instances,
require a sum sufficient to cover any tax or other governmental charges payable in connection with these transactions. The Corporation
shall not be required to: (i) issue, register the transfer of or exchange Notes during a period beginning at the opening of business
15 days before the mailing of a notice of redemption of Notes to be redeemed and ending at the close of business on the day of mailing
of the relevant notice of redemption; (ii) register the transfer of or exchange the Notes, or a portion thereof, called for redemption,
except the unredeemed portion of the Notes being redeemed in part; or (iii) issue, register the transfer of or exchange any Notes
which have been surrendered for repayment at the option of the holder, except the portion, if any, thereof not to be so repaid.

The Corporation may decide
to discontinue use of the system of book-entry transfers through the Depositary (or a successor securities depository). In that event,
Notes in definitive form will be printed and delivered.

Settlement for the Notes will
be made in immediately available funds. Secondary market trading in the Notes will be settled in immediately available funds.

The information in this section
concerning