Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 34

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 34
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 Reset Interest Determination
Date, in accordance with the following provisions:

“Five-year U.S. Treasury
Rate” means, as of any Reset Interest Determination Date, (i) an interest rate (expressed as a decimal) determined to be the per
annum rate equal to the arithmetic mean of the yields to maturity for U.S. Treasury securities adjusted to constant maturity with a maturity
of five years from the next Reset Date and trading in the public securities markets, for the five consecutive business days immediately
prior to the respective Reset Interest Determination Date as published (or, if fewer than five consecutive business days are so published
on the applicable Reset Interest Determination Date, for such number of business days published) in the most recent H.15, or (ii) if there
is no such published U.S. Treasury security with a maturity of five years from the next Reset Date and trading in the

<div align='center'>S-19</div>

public securities markets, then
the rate will be determined by interpolation between the arithmetic mean of the yields to maturity for each of the two series of U.S.
Treasury securities adjusted to constant maturity trading in the public securities markets, (A) one maturing as close as possible to,
but earlier than, the Reset Date following the next succeeding Reset Interest Determination Date, and (B) the other maturing as close as possible to, but later than, the Reset Date following the next succeeding Reset Interest Determination Date, in each case for the five consecutive business days immediately prior to the respective Reset Interest Determination Date as published (or, if fewer than five consecutive business days are so published on the applicable Reset Interest Determination Date, for such number of business days published) in the most recent H.15. If the Five-year U.S. Treasury Rate cannot be determined pursuant to the methods described in clause (i) or (ii) above, then the Five-year U.S. Treasury Rate will be the same interest rate determined for the prior Reset Interest Determination Date or, if the Five-year U.S. Treasury Rate cannot be so determined as of the Reset Interest Determination Date preceding the First Reset Date, then the interest rate applicable for the Reset Period beginning on and including the First Reset Date will be deemed to be % per annum, which is the same interest rate as in effect from and including the original issue date to but excluding the First Reset Date.

“H.15” means
the statistical release designated as such, or any successor publication