Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 33

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 33
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 such payment
to the extent such payment would be required by the laws of Canada (or any political subdivision thereof) to be included in the income
for Canadian federal income tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or
a beneficial owner who would not have been entitled to payment of the additional amounts had such beneficiary, settlor, member or beneficial
owner been the Noteholder of such Notes.

The Corporation will furnish
to the Noteholders, within 30 days after the date of the payment of any Canadian Taxes is due under applicable law, certified copies of
tax receipts or other documents evidencing such payment.

Wherever in the Notes or Indenture
there is mentioned, in any context, the payment of principal (and premium, if any), interest or any other amount payable under or with
respect to the Notes, such mention shall be deemed to include mention of the payment of additional amounts to the extent that, in such
context additional amounts are, were or would be payable in respect thereof.

Events of Default

The following events are defined
in the Indenture as “Events of Default” with respect to each series of the Notes:

| (a) | the failure of the Corporation to pay when due the principal of or premium (if any) on any notes of such 
 series of the Notes;                                                                                     |

| (b) | the failure of the Corporation, continuing for 30 days, to pay any interest due on any notes of such series 
 of the Notes;                                                                                               |

| (c) | the breach or violation of any covenant or condition (other than as referred to in (a) and (b) above),                                           
 which continues for a period of 60 days after notice from the Trustee or from holders of at least 25% of the principal amount of all outstanding 
 notes of such series of the Notes, if such covenant or condition applies to such series of the Notes;                                            |

<div align='center'>S-22</div>

| (d) | default in payment at maturity, including any applicable grace period, or default in the performance or                                    
 observance of any other covenant, term, agreement or condition with respect to any single item of Indebtedness in an amount in excess      
 of 5% of Consolidated Shareholders’ Equity or with respect to more than two items of Indebtedness in an aggregate amount in excess         
 of 10% of Consolidated Shareholders’ Equity