Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 55

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 55
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 such request and the furnishing 
 of such indemnity; and                                                                                  |

| · | the Trustee has not received a direction inconsistent with such written request by the holders of a majority 
 in principal amount of the Notes then outstanding.                                                           |

The above four conditions
do not apply to actions by holders of the Notes against the Issuer or the Guarantors or any other obligor under the Notes for payment
of principal of, premium, if any, or interest on or after the due date.

The Indenture contains a
covenant that the Issuer, the Guarantors and any other obligor under the Notes will file annually with the Trustee a statement by an officer
as to whether or not the Issuer or the Guarantors, as the case may be, to his or her knowledge, is in default in the performance or observance
of any of the terms, provisions and conditions of the Indenture and, if so, specifying all such known defaults, provided, however, that
a failure to deliver such statement of a default shall not constitute a default under the Indenture, if such default is remedied within
any applicable cure period.

Consolidation, Merger, Conveyance or Transfer

The Indenture limits the
ability of the Issuer and the Guarantors to enter into mergers, consolidations or transfers of all of their respective assets. Accordingly,
neither the Issuer nor the Guarantors are permitted to consolidate or merge with any other entity or convey, transfer or lease all or
substantially all of its assets or properties to any entity unless:

| · | with respect to the Issuer or EUSHI, that entity is organized under the laws of the United States or any                                       
 state thereof or the District of Columbia, Canada or any province or territory thereof, or Bermuda or The Cayman Islands; provided, however,   
 that if that entity is organized under the laws of a jurisdiction other than the United States, any state thereof or the District of Columbia, 
 or the laws of Canada or any province or territory thereof, that entity assumes obligations of the Issuer or EUSHI, as the case may be,        
 to pay Additional Amounts, substituting the name of such successor jurisdiction for Canada in each place that Canada appears in “Additional    
 Amounts” below;                                                                                                                                |

| · | that entity assumes the obligations of the Issuer, Emera or EUSHI, as applicable, under the Indent