Company: EMICF
Filing Date: 2025-09-19
Form Type: DRS
Source: 0000950103-25-011900
Chunk: 19

Company: EMERA INC
Filing Date: 2025-09-19
Form: DRS
Chunk 19
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 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.                                                                |

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 Emera’s consolidated net assets;            |

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

| (vii) | a Guarantee                                                                                        
 by a Guarantor of the Debt Securities of such series 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 such Guarantee.                                                              |

No Event of