Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 35

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 35
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 shall have the right to direct the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the notes of such series of
the Notes.

No Noteholder of any series
of Notes will have any right to institute any proceeding with respect to the Indenture (including the guarantees thereof), or for the
appointment of a receiver or a Trustee, or for any other remedy thereunder, unless (a) such Noteholder has previously given to the
Trustee written notice of a continuing Event of Default with respect to the notes of such series of the Notes, (b) the holders of
at least 25% of the aggregate principal amount of the outstanding notes of such series of the Notes have made written request, and such
Noteholder or Noteholders have offered reasonable indemnity, to the Trustee to institute such proceeding as Trustee, and (c) the
Trustee has failed to institute such proceeding, and has not received from the holders of a majority in aggregate principal amount of
the outstanding notes of such series of the Notes a direction inconsistent with such request, within 60 days after such notice, request
and offer. However, such limitations do not apply to a suit instituted by a Noteholder for the enforcement of payment of the principal
of or any premium or interest on such Notes on or after the applicable due date specified in such Notes.

<div align='center'>S-23</div>

Modification and Waiver

Modifications and amendments
of the Indenture may be made by the Corporation and the Trustee with the consent of the holders of a majority of the principal amount
of the outstanding debt securities of each series issued under the Indenture (including each series of the Notes) affected by such modification
or amendment; provided, however, that no such modification or amendment may, without the consent of the holder of each outstanding debt
security of such affected series: (1) change the stated maturity of the principal of, or any installment of interest, if any, on
any debt security; (2) reduce the principal amount of, or the premium, if any, or the rate of interest, if any, on any debt security;
(3) change the Place of Payment; (4) change the currency or currency unit of payment of principal of (or premium, if any) or
interest, if any, on any debt security; (5) impair