Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 43

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 43
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 another class or series ofEmera’s or the Issuer’s’ Capital Stock, (e) purchase fractional interests in shares ofEmera’s or the Issuer’s Capital Stock pursuant to the conversion or exchange provisions of such Capital Stock or the security being converted or exchanged, (f) purchase, acquire or withhold shares ofEmera’s or the Issuer’s common stock related to the issuance ofEmera’s or the Issuer’s common stock or rights under any dividend reinvestment plan or related to any ofEmera’s or the Issuer’s benefit plans for Emera’s andthe
Issuer’s directors, officers, employees, consultants or advisors, including any employment contract, and (g) for the avoidance of doubt, convert convertible Capital Stock of Emera’s or the Issuer’s into other Capital Stock of Emera orthe Issuer in accordance with the terms of such convertible Capital Stock (together, for the avoidance of doubt, with cash in lieu of any fractional share).

Notwithstanding the foregoing,
the Indenture does not restrict in any manner the ability of any of Emera’s subsidiaries (other than the Issuer) to pay dividends
or make any distributions to Emera or to any of Emera’s other subsidiaries.

The Issuer will give the
holders of the Notes and the Trustee notice of its election of, or any shortening or extension of, an Optional Deferral Period at least
10 business days prior to the earlier of (1) the next succeeding interest payment date or (2) the date upon which the Issuer is required
to give notice to any applicable self-regulatory organization or to holders of the Notes of the next succeeding interest payment date
or the record date therefor. The record date for the payment of deferred interest and, to the extent permitted by applicable law, any
compound interest payable on the interest payment date immediately following the last day of an Optional Deferral Period will be the regular
record date with respect to such interest payment date.

“Capital Stock”
means (i) in the case of a corporation or a company, corporate stock or shares; (ii) in the case of an association or business entity,
any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; (iii) in the case
of a partnership or limited liability company, partnership or membership interests (whether general or limited); and (iv) any other interest
or participation that confers on a person the right to receive a share of