Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 31

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 31
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 1986, as amended (“FATCA”), or any successor version thereof, or any similar legislation imposed by any other 
 governmental authority, (ii) any treaty, law, regulation or other official guidance enacted by Canada implementing FATCA or an intergovernmental                                                                               
 agreement with respect to FATCA or any similar legislation imposed by any other governmental authority, or (iii) any agreement between                                                                                         
 the Corporation or the Guarantors and the United States or any authority thereof implementing FATCA; or                                                                                                                        |

| (h) | for any combination of items (a), (b), (c), (d), (e), (f) and (g); |

nor will additional amounts be paid with respect
to any payment on those Notes to a Noteholder who is a fiduciary or partnership or other than the sole beneficial owner of 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