Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 33

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 33
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 of such series of the Notes,
by written notice to the Corporation and the Trustee under certain circumstances (which include payment or deposit with the Trustee of
outstanding principal, premium and interest), may rescind and annul such acceleration.

The Indenture provides that,
subject to the duty of the Trustee during default to act with the required standard of care, the Trustee shall be under no obligation
to exercise any of its rights and powers under the Indenture at the request or direction of any of the Noteholders, unless such Noteholders
shall have offered to the Trustee reasonable indemnity. Subject to such provisions for indemnification of the Trustee and certain other
limitations set forth in the Indenture, the holders of a majority in principal amount of the outstanding notes of a series of the Notes
affected by an Event of Default 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