Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 54

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 54
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 in accordance with the provisions discussed above under “—Option
to Defer Interest Payments”). If any Event of Default described in clause (5) above occurs, the principal of, premium, if any, and
accrued and unpaid interest (including, without limitation, any deferred interest and, to the extent permitted by applicable law, any
compound interest) on the Notes will be automatically due and payable immediately (notwithstanding any deferral of interest payments in
accordance with the provisions discussed above under “—Option to Defer Interest Payments”), without any declaration,
notice or other act on the part of the Trustee or any holder. However, any time after an acceleration with respect to the Notes has occurred,
but before a judgment or decree based on such acceleration has been obtained, the holders of a majority in principal amount of outstanding
Notes may, under some circumstances, rescind and annul such acceleration. The majority-holders, however, may not annul or waive a continuing
default in payment of principal of, premium, if any, or interest on the Notes.

The Trustee will be entitled
to receive reasonable indemnification satisfactory to it from the holders of the Notes before the Trustee exercises any of its rights
or powers under the Indenture. This indemnification is subject to the Trustee’s duty to act with the required standard of care during
a default.

The holders of a majority
in principal amount of the outstanding Notes may direct the time, method and place of:

| · | the conduct of any proceeding for any remedy available to the Trustee; or |

| · | the exercise of any trust or power conferred on the Trustee. |

This right of the holders
of the Notes is, however, subject to the provisions in the Indenture providing for the indemnification of the Trustee and other specified
limitations. In general, the holders of Notes may institute an action against the Issuer or the Guarantors or any other obligor under
the Notes only if the following four conditions are fulfilled:

| · | the holder previously has given to the Trustee written notice of default and the default continues; |

<div align='center'>S-29</div>

| · | the holders of at least 25% in principal amount of the Notes then outstanding have both requested the 
 Trustee to institute such action and offered the Trustee reasonable indemnity satisfactory to it;     |

| · | the Trustee has not instituted this action within 60 days of receipt of