Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 35

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 35
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 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 be6.250% 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, published by the Board of Governors of the U.S. Federal Reserve
System (or any successor thereto).

The “most recent H.15”
means the H.15 published closest in time but prior to the close of business on the second business day prior to the applicable Reset Date.

“Reset Date”
means the First Reset Date and April 1 of every fifth year after 2031.

“Reset Interest Determination
Date” means, in respect of any Reset Period, the day falling two business days prior to the first day of such Reset Period.

“Reset Period”
means the period from and including the First Reset Date to but excluding the next following Reset Date and thereafter each period from
and including a Reset Date to but excluding the next following Reset Date, or the maturity date or date of redemption or repayment, as
the case may be.

As used under this caption
“Description of the Notes,” the term “business day” means, unless otherwise expressly stated, any day other than
(i) a Saturday or Sunday or (ii) a day on which banks and trust companies in The City of New York are authorized or obligated by law,
regulation or executive order to remain closed.

The term “calc