Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 82

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 82
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 not be less than the gross amount provided 
 in the debt security, and the terms and conditions, if any, on which the Corporation may redeem the debt securities rather than pay such   
 additional amounts;                                                                                                                        |

| ● | whether the Corporation will undertake to list the debt securities of the series on any securities exchange or automated interdealer 
 quotation system;                                                                                                                    |

| ● | whether the debt securities of the series will be guaranteed by either or both Guarantors; and |

| ● | any other terms of the series of debt securities. |

Unless otherwise indicated in the applicable Prospectus
Supplement, the Indenture does not afford the holders the right to tender debt securities to Enbridge for repurchase or provide for any
increase in the rate or rates of interest at which the debt securities will bear interest in the event Enbridge should become involved
in a highly leveraged transaction or in the event of a change in control of Enbridge.

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Debt securities may be issued under the Indenture
bearing no interest or interest at a rate below the prevailing market rate at the time of issuance, and may be offered and sold at a
discount below their stated principal amount. The Canadian and United States federal income tax consequences and other special considerations
applicable to any such discounted debt securities or other debt securities offered and sold at par which are treated as having been issued
at a discount for Canadian and/or United States federal income tax purposes will be described in the applicable Prospectus Supplement.

Unless otherwise indicated in the applicable Prospectus
Supplement, Enbridge may, without the consent of the holders thereof, reopen a previous issue 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,