Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 112

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 112
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 deposit (if such Debt Securities have become
due and payable) or to the Stated Maturity or Redemption Date, as the case may be.

We may, at our option and
at any time, elect to have EUSHI Finance’s, as issuer, and each applicable Guarantor’s obligations discharged with respect
to the Outstanding Debt Securities of or within any series, which we refer to as defeasance. Defeasance means that we shall be deemed
to have paid and discharged the entire indebtedness represented by such Outstanding Debt Securities and to have satisfied our other obligations
under the relevant Indenture with respect to such Debt Securities, except for:

| · | the rights of holders of such Outstanding Debt Securities to receive solely from the trust fund described                            
 below payments in respect of the principal of (and premium, if any) and interest on such Debt Securities when such payments are due; |

| · | our obligations with respect to such Debt Securities relating to the issuance of temporary securities,                                   
 the registration, transfer and exchange of the Debt Securities, the replacement of mutilated, destroyed, lost or stolen Debt Securities, 
 the maintenance of an office or agency in the applicable Place of Payment, the holding of money for security payments in trust and with  
 respect to the payment of Additional Amounts, if any, pursuant to the relevant Indenture;                                                |

| · | the rights, powers, trusts, duties and immunities of the trustee; and |

| · | the defeasance provisions of the relevant Indenture. |

We may, at our option and
at any time, elect to be released from our obligations with respect to certain covenants that are described in either Indenture (including
those described under “Merger, Consolidation or Amalgamation”), and we refer to this as “covenant defeasance,”
and any omission to comply with such obligations thereafter shall not constitute a default or an Event of Default with respect to such
Debt Securities.

In order to exercise either
defeasance or covenant defeasance:

| · | we must irrevocably deposit with the trustee (or other qualifying trustee), in trust, for the benefit                                        
 of the holders of such Debt Securities, cash, Government Obligations, or a combination thereof, in such amounts as will be sufficient,       
 in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of (and premium, if any) and interest 
 on such Outstanding Debt