Company: ENBSF
Filing Date: 2025-06-18
Form Type: 424B5
Source: 0001104659-25-060642
Chunk: 36

Company: ENBRIDGE INC
Filing Date: 2025-06-18
Form: 424B5
Chunk 36
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 Notes.

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 the right to institute suit for the enforcement of any payment on or with respect
to any debt security; (6) adversely affect any right to convert or exchange any debt security; (7) reduce the percentage of
principal amount of outstanding debt securities of such series, the consent of the holders of which is required for modification or amendment
of the Indenture or for waiver of compliance with certain provisions of the Indenture or for waiver of certain defaults; (8) modify
the provisions of the Indenture relating to subordination in a manner that adversely affects the rights of the holders of debt securities;
or (9) modify any provisions of the Indenture relating to the modification and amendment of the Indenture or the waiver of past defaults
or covenants except as otherwise specified in the Indenture.

| S-25 |

The holders of a majority
of the principal amount of any series of the Notes may on behalf of the Noteholders of that series of the Notes waive, insofar as that
series of the Notes is concerned, compliance by the Corporation with certain restrictive provisions of the Indenture, including the covenants
and events of default. The holders of a majority in principal amount of any series of the Notes may waive any past default under the Indenture
with respect to that series of the Notes, except a default in the payment of the principal of (or premium, if any) and interest, if any,
on that series of the Notes or in respect of a