Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 44

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 44
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 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 the profits and losses of, or distributions of assets of, the
issuing person.

“Interest Payment Period”
means the semi-annual period from and including an interest payment date to but excluding the next succeeding interest payment date, except
for the first Interest Payment Period which shall be the period from and including the original issue date to but excluding April 1, 2026.

Redemption

Optional Redemption

The Issuer may redeem some
or all of the Notes, at its option, in whole or in part (i) on any day in the period commencing on the date falling 90 days prior to the
First Reset Date and ending on and including the First Reset Date and (ii) after the First Reset Date, on any interest payment date, at
a redemption price in cash equal to 100% of the principal amount of the Notes being redeemed, plus, subject to the terms described in
the first paragraph under “—Redemption Procedures; Cancellation of Redemption” below, accrued and unpaid interest on
the Notes to be redeemed to but excluding the redemption date.

Redemption Following a
Tax Event

The Issuer may at its option
redeem the Notes, in whole but