Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 28

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 28
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and governmental charges and lawful claims for labor, materials and supplies which, if unpaid, might by law become a lien upon the property
of the Corporation, subject to the right of the Corporation to contest the validity of a charge, assessment or claim in good faith; and
(5) maintain and keep in good condition properties used or useful in the conduct of its business and make necessary repairs and improvements
as in the judgment of the Corporation are necessary to carry on the Corporation’s business; provided that the Corporation may discontinue
operating or maintaining any of its properties if, in the judgment of the Corporation, the discontinuance is desirable in the conduct
of the Corporation’s business and not disadvantageous in any material respect to the Noteholders.

Subject to the provision described
under the heading “— Mergers, Consolidations and Sales of Assets” below, the Corporation will also covenant that it
will do all things necessary to preserve and keep in full force and effect its existence, rights and franchises; provided that the Corporation
is not required to preserve any right or franchise if the board of directors of the Corporation determines that preservation of the right
or franchise is no longer desirable in the conduct of the business of the Corporation and that its loss is not disadvantageous in any
material respect to the Noteholders.

<div align='center'>S-19</div>

Waiver of Covenants

The Corporation may omit in
any particular instance to comply with any term, provision or condition in any covenant in respect of a series of the Notes, if before
the time for such compliance the holders of a majority of the principal amount of the outstanding notes of that series of the Notes waive
compliance with the applicable term, provision or condition.

Mergers, Consolidations and Sales of Assets

The Corporation may not consolidate
or amalgamate with or merge into, or enter into any statutory arrangement for such purpose with, any other person or convey, transfer
or lease its properties and assets substantially as an entirety to any person, unless, among other requirements:

| (a) | the successor to the consolidation, amalgamation, merger or arrangement is a corporation, partnership                                      
 or trust organized under the laws of Canada, or any Province or Territory thereof, the United States of America, or any State thereof      
 or the District of Columbia, and expressly assumes the obligation to pay the principal of and any premium and interest on all of the Notes 
 and perform or observe the covenants and obligations contained in the Indenture