Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 28

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 28
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’s subsidiaries; |

| (e) | Security Interests existing on property of a corporation which is merged into, or amalgamated or consolidated 
 with, the Corporation or the property of which is acquired by the Corporation;                                |

| (f) | Security Interests securing Indebtedness to banks or other lending institutions incurred in the ordinary    
 course of business, repayable on demand or maturing within 18 months of incurrence or renewal or extension; |

| (g) | Security Interests on or against cash or marketable debt securities pledged to secure Financial Instrument 
 Obligations;                                                                                               |

| (h) | Security Interests in respect of certain: |

| (1) | liens for taxes, assessments and workmen’s compensation assessments, unemployment insurance or other 
 social security obligations,                                                                         |

| (2) | liens and certain rights under leases, |

| (3) | obligations affecting the property of the Corporation to governmental or public authorities, with respect                                  
 to franchises, grants, licenses or permits and title defects arising because structures or facilities are on lands held by the Corporation 
 under government grant, subject to a materiality threshold,                                                                                |

| (4) | liens in connection with contracts, bids, tenders or expropriation proceedings, surety or appeal bonds,                           
 costs of litigation, public and statutory obligations, liens or claims incidental to current construction, builders’, mechanics’, 
 laborers’, materialmen’s, warehousemen’s, carriers’ and other similar liens,                                                      |

| (5) | rights of governmental or public authorities under statute or the terms of leases, licenses, franchises, 
 grants or permits,                                                                                       |

| (6) | undetermined or inchoate liens incidental to the operations of the Corporation, |

| (7) | Security Interests contested in good faith by the Corporation or for which payment is deposited with the 
 Trustee,                                                                                                 |

| (8) | easements, rights-of-way and servitudes, |

| (9) | security to public utilities, municipalities or governmental or other public authorities, |

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| (10) | liens and privileges arising out of judgments or awards, and |

| (11) | other liens of a nature similar to those described above which do not in the opinion of the Corporation                                
 materially impair the use of the subject property or the operation of the business of the Corporation or the value of the property for