Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 19

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 19
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 been declared due and payable as a result of an Event of Default with respect to the Notes, in which case all accrued
and unpaid interest on the Notes shall become due and payable. Instead, interest on the Notes would be deferred but would continue to
accrue at the then-applicable interest rate on the Notes (as reset from time to time on any Reset Date occurring during such Optional
Deferral Period in accordance with the terms of the Notes). In addition, during any Optional Deferral Period, interest on the deferred
interest would accrue at the then-applicable interest rate on the Notes (as reset from time to time on any Reset Date occurring during
such Optional Deferral Period in accordance with the terms of the Notes), compounded semi-annually, to the extent permitted by applicable
law. If the Issuer exercises this interest deferral right, the Notes may trade at a price that does not reflect the value of accrued and
unpaid interest on the Notes or that is otherwise substantially less than the price at which the Notes would have traded if the Issuer
had not exercised such deferral right. If the Issuer exercises this interest deferral right and you sell your Notes during an Optional
Deferral Period, you may not receive the same return on your investment as a holder that continues to hold its Notes until the Issuer
pays the deferred interest following the end of such Optional Deferral Period. In addition, as a result of the Issuer’s right to
defer interest payments, the market price of the Notes may be more volatile than other securities that do not have these rights.

<div align='center'>S-10</div>

The Issuer or the Guarantors
could enter into various transactions that could increase the amount of its outstanding indebtedness, or adversely affect their capital
structure or credit ratings, or otherwise adversely affect holders of the Notes.

The terms of the Notes will
not prevent the Issuer or the Guarantors from entering into a variety of acquisition, refinancing, recapitalization or other highly-leveraged
transactions. As a result, the Issuer or the Guarantors may enter into a transaction even though the transaction could increase the total
amount of their outstanding indebtedness, adversely affect their capital structure or credit ratings or otherwise adversely affect the
holders of the Notes.

Each Guarantor’s
Guarantee of the Notes could be voided or subordinated by applicable federal bankruptcy law and insolvency laws in the United States or
Canada.

The Iss