Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 107

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 107
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 and the total amount of such Indebtedness unpaid or accelerated exceeds in the aggregate the greater of (i) $100,000,000 and (ii) 3% of 
 Emera’s consolidated net assets;                                                                                                        |

| (vi) | certain events of bankruptcy, insolvency or reorganization; and |

| (vii) | a Guarantee by a Guarantor of the Debt Securities of such series ceases to be in full force and effect                                   
 (other than in accordance with the terms of such Guarantee) or Emera or EUSHI denies or disaffirms its obligations under such Guarantee. |

No Event of Default provided
with respect to a particular series of Debt Securities necessarily constitutes an Event of Default with respect to any other series of
Debt Securities.

If an Event of Default (other
than an Event of Default related to certain events of bankruptcy, insolvency or reorganization) with respect to Debt Securities of any
series at the time outstanding occurs and is continuing, then in every such case the trustee or the holders of not less than 25% in principal
amount of the outstanding Debt Securities of that series may declare the principal amount, premium, if any, of all of the outstanding
Debt Securities of that series and any accrued but unpaid interest thereon to be due and payable immediately, by a notice in writing to
EUSHI Finance and the Guarantors (and to the trustee if given by holders or other act on the part of the trustee or any holder), and upon
any such declaration such principal amount (or specified portion thereof), premium, if any, and any accrued but unpaid interest thereon
shall become immediately due and payable. If an Event of Default related to certain events of bankruptcy, insolvency or reorganization
occurs, then the principal amount of all of the outstanding Debt Securities, premium, if any, and any accrued but unpaid interest thereon
shall ipso facto become and be immediately due and payable without any declaration, notice or other act on the part of the trustee or
any holder.

Subject to the provisions
of the Indentures relating to the duties of the trustee in case an Event of Default occurs and is continuing, the trustee shall be under
no obligation to exercise any of the rights or powers vested in it by the Indentures at the request or direction of any of the holders
of Debt Securities of any series pursuant to the Indenture, unless such holders shall have offered to the trustee security or indemnity