Company: EMICF
Filing Date: 2025-09-25
Form Type: F-10
Source: 0000950103-25-012173
Chunk: 18

Company: EMERA INC
Filing Date: 2025-09-25
Form: F-10
Chunk 18
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 acceleration or otherwise, of all obligations of EUSHI Finance under the Debt Securities, whether for payment of principal of, or premium or interest on the Debt Securities, Additional Amounts, indemnification or otherwise. Each guarantee from a Guarantor will be limited to an amount not to exceed the maximum amount that can be guaranteed by the applicable Guarantor without rendering the guarantee, as it relates to that Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally.

Events of Default

The Subordinated 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 any interest on the Debt Securities that becomes due and payable and the default  
 continues for 60 days (whether or not such payment is prohibited by the subordination provisions 
 applicable to the Debt Securities), except as the result of a deferral of interest payments      
 in accordance with the provisions discussed in the Subordinated Indenture;                       |

| (ii) | default                                                                                        
 in the payment of principal of or premium, if any, on the Debt Securities when due and payable 
 (whether or not such payment is prohibited by the subordination provisions applicable to       
 the Debt Securities), at its maturity, upon redemption, upon acceleration or otherwise;        |

| (iii) | the Issuer,                                                                                   
 Emera or EUSHI, as applicable, defaults in the performance of, or breaches any other covenant 
 or warranty (excluding covenants and warranties solely applicable to one or more other series 
 of subordinated debt securities issued under the Subordinated Indenture) in, the Subordinated 
 Indenture or the Debt Securities and such default or breach continues for a period of 90      
 days after written notice of such default or breach has been given to the Issuer, Emera and   
 EUSHI, from the trustee or to the Issuer, Emera, EUSHI, and the trustee from the holders      
 of at least 25% in principal amount of the outstanding Debt Securities;                       |

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| (iv) | Indebtedness                                                                                         
 (as defined in the Subordinated Indenture) of the Issuer, Emera or EUSHI, as applicable,             
 is accelerated by the holders thereof because of a default and the total amount of such Indebtedness 
 unpaid or accelerated exceeds in the aggregate