Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 46

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 46
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emption Following a
Rating Agency Event

The Issuer may at its option
redeem the Notes, in whole but not in part, at any time following the occurrence and during the continuance of a Rating Agency Event (as
defined below) at a redemption price in cash equal to 102% of the principal amount of the Notes, plus, subject to the terms described
in the first paragraph under “—Redemption Procedures; Cancellation of Redemption” below, accrued and unpaid interest
on the Notes to but excluding the redemption date.

“Rating Agency Event”
means, as of any date, a change, clarification or amendment in the methodology published by any nationally recognized statistical rating
organization within the meaning of Section 3(a)(62) of the Exchange Act (or any successor provision thereto), that then publishes a rating
for the Issuer (together with any successor thereto, a “rating agency”) in assigning equity credit to securities such as the
Notes, (a) as such methodology was in effect on the date of this prospectus supplement, in the case of any rating agency that published
a rating for the Issuer as of the date of this prospectus supplement, or (b) as such methodology was in effect on the date such rating agency first published a rating forthe Issuer, in the case of any rating agency that first publishes a rating forthe Issuer after the date of thisprospectus supplement
(in the case of either clause (a) or (b), the “current methodology”), that results in (i) any shortening of the length of time for which a particular level of equity credit pertaining to the Notes by such rating agency would have been in effect had the current methodology not been changed or (ii) a lower equity credit (including up to a lesser amount) being assigned by such rating agency to the Notes as of the date of such change, clarification or amendment than the equity credit that would have been assigned to the Notes by such rating agency had the current methodology not been changed.

Redemption Procedures;
Cancellation of Redemption

Notwithstanding any statement
under this caption “—Redemption” to the contrary, installments of interest on the Notes that are due and payable on
any interest payment date falling on or prior to a redemption date for the Notes will be payable on that interest payment date to the registered holders thereof as of the close of business on the relevant record date according to the terms of the Notes and the Indenture, except that, if the redemption date