Company: EMICF
Filing Date: 2025-09-19
Form Type: DRS
Source: 0000950103-25-011900
Chunk: 26

Company: EMERA INC
Filing Date: 2025-09-19
Form: DRS
Chunk 26
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ure, there has been a change in the applicable United States federal income tax law,   
 in either case to the effect that, and based thereon such Opinion of Counsel shall confirm   
 that, the holders of such Debt Securities will not recognize income, gain or loss for United 
 States federal income tax purposes as a result of such defeasance and will be subject to     
 United States federal income tax on the same amounts, in the same manner and at the same     
 times as would have been the case if such defeasance had not occurred; and                   |

| • | in                                                                                                 
 the case of covenant defeasance, except where such election relates to a series of Debt Securities 
 offered to or held solely by persons that are not U.S. persons, we shall have delivered to         
 the trustee an Opinion of Counsel to the effect that the holders of such Debt Securities           
 will not recognize income, gain or loss for United States federal income tax purposes as           
 a result of such covenant defeasance and will be subject to United States federal income           
 tax on the same amounts, in the same manner and at the same times as would have been the           
 case if such covenant defeasance had not occurred; and                                             |

Payment of Principal and Interest and Paying Agents

Unless otherwise specified in the applicable Indenture, principal of (and premium, if any) and interest, if any, on any Debt Securities will be payable at an office or agency maintained by us in New York, New York, except that at our option, interest, if any, may be paid by:

| • | check                                                                                    
 mailed to the address of the Person entitled thereto as such address shall appear in the 
 Security Register, or                                                                    |

| • | wire                                                                                            
 transfer to an account located in the United States or Canada maintained by the person entitled 
 thereto as specified in the Security Register.                                                  |

Payment of any installment of interest on Debt Securities will be made to the Person in whose name such Debt Security is registered at the close of business on the Regular Record Date for such interest.

Any Paying Agent outside the United States and any other Paying Agent in the United States initially designated by us for the Debt Securities may be established for each series of Debt Securities. We may at any time designate additional Paying Agents or rescind the designation of any Paying Agent or approve a change in the office through which any Paying Agent acts, except that we will be required to maintain a Paying Agent in each Place of Payment for such