Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 105

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 105
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 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 Debt Securities;                     |

| (iv) | Indebtedness (as defined in the Subordinated 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;                                                |

| (v) | certain events of bankruptcy, insolvency or reorganization; and |

| (vi) | any Guarantee related to the Debt Securities 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. |

<div align='center'>16</div>

The Senior Indenture provides,
with respect to any series of Outstanding Debt Securities thereunder, that the following shall constitute Events of Default:

| (i) | default in the payment of the principal of (or premium, if any, on) any Debt Security of that series at 
 its Maturity, upon redemption, upon acceleration or otherwise;                                          |

| (ii) | default in the payment of any interest on any Debt Security of that series when such interest becomes 
 due and payable, and the default continues for 30 days;                                               |

| (iii) | default in the deposit of any sinking fund payment, when the same becomes due by the terms of the Debt 
 Securities of that series;                                                                             |

| (iv) | default in the performance, or breach, of any other covenant or warranty of the Issuer or the Guarantors                              
 in the Indenture or the Debt Securities of that series and continuance of such default or breach for a period of 90 days after notice 
 has been given;                                                                                                                       |

| (v) | indebtedness of the Issuer or the Guarantors 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 (i) $100,000,000 and (ii) 3% of