Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 32

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 32
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 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 and, if such Indebtedness has not already matured in accordance with its terms, such           
 Indebtedness has been accelerated, if such Indebtedness has not been discharged or such acceleration shall not have been rescinded or      
 annulled within a period of 10 days after there shall have been given, by registered or certified mail, to the Corporation by the Trustee  
 or to the Corporation and the Trustee by the holders of at least 25% of the principal amount of the outstanding notes of such series of    
 the Notes a written notice specifying the default and requiring the Corporation to cause such Indebtedness to be discharged or cause such  
 acceleration to be rescinded or annulled, provided that if the Indebtedness is discharged or the applicable default under the Indebtedness 
 is waived by the persons entitled to do so, then the Event of Default under the Indenture will be deemed waived; or                        |

| (e) | certain events of bankruptcy, insolvency or reorganization involving the Corporation. |

If an Event of Default occurs and is continuing with respect to any series of the Notes, then in every such case the Trustee or the holders of at least 25% of the aggregate principal amount of the outstanding notes of such affected series of the Notes may declare the entire principal amount of such series of the Notes and all interest thereon to be immediately due and payable. However, at any time after a declaration of acceleration with respect to any series of the Notes has been made, but before a judgment or decree for payment of the money due has been obtained,the holders of a majority in principal amount of the outstanding notes