Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 53

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 53
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), upon acceleration or otherwise;                                     |

| (3) | the Issuer, Emera or EUSHI, as applicable, defaults in the performance of, or breaches any other covenant                                  
 or warranty (excluding covenants and warranties solely applicable to one or more other series of subordinated debt securities issued under 
 the Indenture) in, the Indenture or the Notes and such default or breach continues for a period of 90 days after written notice of such    
 default or breach has been given to the Issuer, Emera and EUSHI, from the Trustee or to the Issuer, Emera, EUSHI, and the Trustee from     
 the holders of at least 25% in principal amount of the outstanding Notes;                                                                  |

| (4) | Indebtedness (as defined in the Indenture) of the Issuer, Emera or EUSHI, as applicable, is accelerated                                  
 by the holders thereof because of a default and the total amount of such Indebtedness unpaid or accelerated exceeds in the aggregate the 
 greater of US$800,000,000 and 3% of Emera’s consolidated net assets;                                                                     |

| (5) | certain events of bankruptcy, insolvency or reorganization of the Issuer, Emera or EUSHI; and |

| (6) | any Guarantee related to the Notes ceases to be in full force and effect (other than in accordance with             
 the terms of such guarantee) or Emera or EUSHI denies or disaffirms its obligations under its respective Guarantee. |

No Event of Default with
respect to the Notes will necessarily constitute an Event of Default with respect to the subordinated debt securities of any other series
that may be issued under the Indenture, and no Event of Default with respect to any such other series of subordinated debt securities
that may be issued under the Indenture will necessarily constitute an Event of Default with respect to the Notes.

If an Event of Default (other
than one described in clause (5) above) occurs and is continuing with respect to the Notes, either the Trustee or the holders of at least
25% in principal amount of the outstanding Notes may declare 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 to be due
and payable immediately (notwithstanding any deferral of interest payments