Company: ENBSF
Filing Date: 2025-06-18
Form Type: 424B5
Source: 0001104659-25-060642
Chunk: 82

Company: ENBRIDGE INC
Filing Date: 2025-06-18
Form: 424B5
Chunk 82
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 of a series
of debt securities and issue additional debt securities of such series; provided, however, that in the event any additional debt securities
are not fungible with the outstanding debt securities for United States federal income tax purposes, such non-fungible additional debt
securities will be issued with a separate CUSIP number so that they are distinguishable from the outstanding debt securities.

Guarantees

Unless otherwise specified
in the applicable Prospectus Supplement, each of the Guarantors will fully, unconditionally, irrevocably, absolutely and jointly and
severally guarantee the due and punctual payment of the principal of, and premium, if any, and interest on the debt securities and all
other amounts due and payable by Enbridge under the Indenture and the debt securities, when and as such principal, premium, if any, interest
and other amounts shall become due and payable. The guarantee of any debt securities is intended to be a general, unsecured, senior obligation
of each of the Guarantors and will rank pari passuin right of payment with all indebtedness of each Guarantor that is not, by
its terms, expressly subordinated in right of payment to the guarantee.

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The guarantees of either Guarantor will be unconditionally
released and discharged automatically upon the occurrence of any of the following events:

| · | any direct or indirect sale, exchange                                                         
 or transfer, whether by way of merger, sale or transfer of equity interests or otherwise,     
 to any person that is not an affiliate of Enbridge, of any of Enbridge’s direct or            
 indirect limited partnership or other equity interests in such Guarantor as a result of which 
 such Guarantor ceases to be a consolidated subsidiary of Enbridge;                            |

| · | the merger of such Guarantor into Enbridge                                   
 or the other Guarantor or the liquidation and dissolution of such Guarantor; |

| · | with respect to any series of debt                                                         
 securities, the repayment in full or discharge or defeasance of such debt securities (each 
 as contemplated by the Indenture or any applicable supplemental indenture);                |

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DESCRIPTION OF SHARE CAPITAL</div>

In this section, the terms
“Corporation” and “Enbridge” refer only to Enbridge Inc. and not to its subsidiaries, partnerships
or joint venture interests. The following sets forth the terms and provisions of the existing capital of the Corporation