Company: ENBSF
Filing Date: 2025-06-18
Form Type: 424B5
Source: 0001104659-25-060642
Chunk: 29

Company: ENBRIDGE INC
Filing Date: 2025-06-18
Form: 424B5
Chunk 29
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| (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, |

| (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 
 the Corporation’s business; and                                                                                                        |

| (i) | extensions, renewals, alterations and replacements of the permitted Security Interests referred to above;                               
 provided the extension, renewal, alteration or replacement of such Security Interest is limited to all or any part of the same property 
 that secured the Security Interest extended, renewed, altered or replaced (plus improvements on such property) and the principal amount 
 of the Indebtedness secured thereby is not increased.                                                                                   |

In addition, the Indenture
permits the Corporation to incur or allow to exist any other Security Interest or Security Interests if the amount of Indebtedness secured
under the Security Interest or Security Interests does not exceed 5% of the Corporation’s Consolidated Net Tangible Assets.

| S-20 |

The Indenture covenant restricting
Security Interests will not restrict the Corporation’s ability to sell its property and other assets and will not restrict any subsidiary
of the Corporation from creating, assuming or otherwise having outstanding any Security Interests on its assets.

Other Indenture Covenants

The Corporation will covenant
with respect to the Notes to (1) duly and punctually pay amounts due on the Notes; (2) maintain