Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 52

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 52
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 a result of such payment.

The Issuer will furnish to
the holders of the Notes within 60 days after the date the payment of any Canadian Taxes is due pursuant to applicable law, certified
copies of tax receipts or other documents evidencing such payment by the Issuer.

In the event the Issuer fails
to remit any Canadian Taxes in respect of which Additional Amounts are payable, the Issuer will indemnify and hold harmless each holder
of Notes (other than, for certainty, a recipient or beneficial owner not entitled to receive Additional Amounts) and upon written request
reimburse each such holder for the amount, excluding any payment of Additional Amounts by the Issuer, of

| · | any Canadian Taxes levied or imposed and paid by such holder as a result of payments made under or with 
 respect to the Notes;                                                                                   |

| · | any liability (including penalties, interest and expenses) arising therefrom or with respect thereto; 
 and                                                                                                   |

| · | any Canadian Taxes imposed with respect to any reimbursement under the preceding two bullet points, but 
 excluding any such Canadian Taxes on such holder’s net income.                                          |

Wherever in the Indenture
there is mentioned, in any context, the payment of principal, premium, if any, interest or any other amount payable under or with respect
to the Notes or the Guarantees, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that,
in such context, Additional Amounts are, were or would be payable in respect thereof.

Events of Default

The Indenture provides, with
respect to the Notes, that any of the following events constitutes an Event of Default:

| (1) | the Issuer defaults in the payment of any interest on the Notes that becomes due and payable and the default                             
 continues for 60 days (whether or not such payment is prohibited by the subordination provisions applicable to the Notes), except as the 
 result of a deferral of interest payments in accordance with the provisions discussed above under “—Option to Defer Interest             
 Payments”;                                                                                                                               |

<div align='center'>S-28</div>

| (2) | the Issuer defaults in the payment of principal of or premium, if any, on the Notes when due and payable                              
 (whether or not such payment is prohibited by the subordination provisions applicable to the Notes), at its maturity, upon redemption 
 (including with respect to a Tax Event or a Rating Agency Event