Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 48

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 48
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 accrue on the Notes or portions thereof
called for redemption.

Our actions and determinations
in determining the redemption price shall be conclusive and binding for all purposes, absent manifest error.

The Trustee shall have no
duty to determine, or verify the calculation of, the redemption price.

If the Issuer redeems less
than all of the Notes on any redemption date, the Trustee will select the Notes to be redeemed by lot or, in the case of Notes in book-entry
form represented by one or more global Notes, by such other customary method prescribed by the depositary, which may be made on a pro
rata pass-through distribution of principal basis.

Unless the Issuer or the
Guarantors default in payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes or
portions thereof called for redemption.

Additional Amounts

All payments made by or on
behalf of Emera, EUSHI or the Issuer under or with respect to the Notes or the Guarantees will be made free and clear of and without withholding
or deduction for or on account of any present or future tax, duty, levy, impost, assessment or other governmental charge imposed or levied
by or on behalf of the Government of Canada or any province or territory thereof or by any authority or agency therein or thereof having
power to tax (“Canadian Taxes”), unless Emera, EUSHI or the Issuer, as the case may be, is required to withhold or deduct
Canadian Taxes by law or by the interpretation or administration thereof. If Emera, EUSHI or the Issuer, as the case may be, is so required
to withhold or deduct any amount for or on account of Canadian Taxes from any

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payment made under or with respect
to the Notes or the Guarantees, Emera, EUSHI or the Issuer, as the case may be, will pay to each holder of such Notes as additional interest
such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each such holder after
such withholding or deduction (and after deducting any Canadian Taxes on such Additional Amounts) will not be less than the amount such
holder would have received if such Canadian Taxes had not been withheld or deducted. However, no Additional Amounts will be payable with
respect to a payment made to a recipient or beneficial owner of such payment: