Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 64

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 64
---
, upon receipt of any payment of distributions or liquidation amounts, to proportionately credit direct participants’ accounts
on the payment date based on their holdings. In addition, it is DTC’s current practice to pass through any consenting or voting
rights to such participants by using an omnibus proxy. Those participants will, in turn, make payments to and solicit votes from you,
the ultimate owner of Notes, based on their customary practices. Payments to you will be the responsibility of the participants and not
of DTC, the Trustee or our company.

Notes represented by one
or more global securities will be exchangeable for certificated securities with the same terms in authorized denominations only if:

| · | DTC is unwilling or unable to continue as depositary or ceases to be a clearing agency registered under 
 applicable law, and a successor is not appointed by us within 90 days;                                  |

| · | we decide to discontinue the book-entry system; or |

| · | an event of default has occurred and is continuing with respect to the Notes. |

If the global security is
exchanged for certificated securities, the Trustee will keep the registration books for the Notes at its corporate trust office and follow
customary practices and procedures regarding those certificated securities.

Clearstream and Euroclear

Links have been established
among DTC, Euroclear Bank SA/NV, as operator of the Euroclear System (“Euroclear”) and Clearstream Banking S.A. (“Clearstream”),
which are two European book-entry depositaries similar to DTC, to facilitate the initial issuance of the Notes sold outside of the United
States of America and cross-market transfers of the Notes associated with secondary market trading.

Although DTC, Clearstream
and Euroclear have agreed to the procedures provided below in order to facilitate transfers, they are under no obligation to perform these
procedures, and these procedures may be modified or discontinued at any time.

Clearstream and Euroclear
will record the ownership interests of their participants in much the same way as DTC, and DTC will record the total ownership of each
of the U.S. agents of Clearstream and Euroclear, as participants in DTC.

When Notes are to be transferred
from the account of a DTC participant to the account of a Clearstream participant or a Euroclear participant, the purchaser must send
instructions to Clearstream or Euroclear through a participant at least one day prior to settlement. Clearstream or Euroclear, as the