Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 55

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 55
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 to enter into mergers, consolidations or transfers of all of their respective assets. Accordingly,
neither the Issuer nor the Guarantors are permitted to consolidate or merge with any other entity or convey, transfer or lease all or
substantially all of its assets or properties to any entity unless:

| · | with respect to the Issuer or EUSHI, that entity is organized under the laws of the United States or any                                       
 state thereof or the District of Columbia, Canada or any province or territory thereof, or Bermuda or The Cayman Islands; provided, however,   
 that if that entity is organized under the laws of a jurisdiction other than the United States, any state thereof or the District of Columbia, 
 or the laws of Canada or any province or territory thereof, that entity assumes obligations of the Issuer or EUSHI, as the case may be,        
 to pay Additional Amounts, substituting the name of such successor jurisdiction for Canada in each place that Canada appears in “Additional    
 Amounts” below;                                                                                                                                |

| · | that entity assumes the obligations of the Issuer, Emera or EUSHI, as applicable, under the Indenture; |

| · | after giving effect to the transaction, the Issuer, Emera or EUSHI, as applicable, is not in default under 
 the Indenture; and                                                                                         |

| · | the Issuer, Emera or EUSHI, as applicable, delivers to the Trustee an officer’s certificate and 
 an opinion of counsel to the effect that the transaction complies with the Indenture.           |

Provision of Financial Information

Regardless of whether Emera
is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or otherwise reports on an annual and quarterly basis
on forms provided for such annual and quarterly reporting pursuant to rules and regulations promulgated by the SEC, the Indenture requires
Emera to provide to the Trustee:

| · | within 140 days after the end of the fiscal year, the information required to be contained in reports                                       
 on Form 40-F or Form 20-F, as applicable, or any successor form, provided, however, that neither management’s report on internal            
 control over financial reporting required by Section 13a-15(c) of the Exchange Act nor the annual disclosure of changes in internal control 
 over financial reporting required by Section 13a-15(d) of the Exchange Act for foreign private