Company: EMICF
Filing Date: 2025-09-19
Form Type: DRS
Source: 0000950103-25-011900
Chunk: 25

Company: EMERA INC
Filing Date: 2025-09-19
Form: DRS
Chunk 25
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 Debt Securities to receive solely from the trust fund 
 described below payments in respect of the principal of (and premium, if any) and interest  
 on such Debt Securities when such payments are due;                                         |

| • | our                                                                                                
 obligations with respect to such Debt Securities relating to the issuance of temporary securities, 
 the registration, transfer and exchange of the Debt Securities, the replacement of mutilated,      
 destroyed, lost or stolen Debt Securities, the maintenance of an office or agency in the           
 applicable Place of Payment, the holding of money for security payments in trust and with          
 respect to the payment of Additional Amounts, if any, pursuant to the relevant Indenture;          |

| • | the                                                               
 rights, powers, trusts, duties and immunities of the trustee; and |

| • | the                                              
 defeasance provisions of the relevant Indenture. |

We may, at our option and at any time, elect to be released from our obligations with respect to certain covenants that are described in either Indenture (including those described under “Merger, Consolidation or Amalgamation”), and we refer to this as “covenant defeasance,” and any omission to comply with such obligations thereafter shall not constitute a default or an Event of Default with respect to such Debt Securities.

In order to exercise either defeasance or covenant defeasance:

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| • | we                                                                                             
 must irrevocably deposit with the trustee (or other qualifying trustee), in trust, for the     
 benefit of the holders of such Debt Securities, cash, Government Obligations, or a combination 
 thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized      
 firm of independent public accountants, to pay the principal of (and premium, if any) and      
 interest on such Outstanding Debt Securities, and any mandatory sinking fund or analogous      
 payments thereon, on the scheduled due dates therefor in the Currency in which such Debt       
 Securities are then specified as payable at Stated Maturity;                                   |

| • | in                                                                                           
 the case of defeasance, except where such election relates to a series of Debt Securities    
 offered to or held solely by persons that are not U.S. persons, we shall have delivered to   
 the trustee an Opinion of Counsel stating that (x) we have received from, or there has been  
 published by, the Internal Revenue Service a ruling or (y) since the date of the relevant    
 Indent