Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 44

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 44
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clear participant to a Depositary participant will be received with value on the Depositary settlement date but will be available
in the relevant Clearstream or Euroclear cash account only as of the Business Day following settlement with the Depositary.

Although the Depositary, Clearstream
and Euroclear have agreed to the foregoing procedures in order to facilitate transfers of Notes among participants of the Depositary,
Clearstream and Euroclear, they are under no obligation to perform or continue to perform those procedures and those procedures may be
modified or discontinued at any time. Neither we nor the paying agent will have any responsibility for the performance by the Depositary,
Euroclear or Clearstream or their respective direct or indirect participants of their obligations under the rules and procedures
governing their operations.

<div align='center'>S-30</div>

Consent to Jurisdiction and Service

Under the Indenture, the Corporation
agrees to appoint Enbridge (U.S.) Inc., as its authorized agent for service of process in any suit or proceeding arising out of or relating
to the Notes or the Indenture in connection with the Notes and for actions brought under federal or state securities laws in any federal
or state court located in the city of New York, and irrevocably submits to such jurisdiction.

Governing Law

The Notes, the related guarantees
and the Indenture will be governed by and construed in accordance with the laws of the State of New York.

Definitions

The Indenture contains, among
others, definitions substantially to the following effect:

“Consolidated Net Tangible Assets” means all consolidated assets of the Corporation as shown on the most recent audited consolidated balance sheet
of the Corporation, less the aggregate of the following amounts reflected upon such balance sheet:

| (a) | all goodwill, deferred assets, trademarks, copyrights and other similar intangible assets; |

| (b) | to the extent not already deducted in computing such assets and without duplication, depreciation, depletion,                           
 amortization, reserves and any other account which reflects a decrease in the value of an asset or a periodic allocation of the cost of 
 an asset; provided that no deduction shall be made under this paragraph (b) to the extent that such amount reflects a decrease in       
 value or periodic allocation of the cost of any asset referred to in paragraph (a) above;                                               |

| (c) | minority interests; |

| (d) | non-cash current assets; and |

| (e) | Non-Recourse