Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 53

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 53
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| (6) | any Guarantee related to the Notes ceases to be in full force and effect (other than in accordance with             
 the terms of such guarantee) or Emera or EUSHI denies or disaffirms its obligations under its respective Guarantee. |

No Event of Default with
respect to the Notes will necessarily constitute an Event of Default with respect to the subordinated debt securities of any other series
that may be issued under the Indenture, and no Event of Default with respect to any such other series of subordinated debt securities
that may be issued under the Indenture will necessarily constitute an Event of Default with respect to the Notes.

If an Event of Default (other
than one described in clause (5) above) occurs and is continuing with respect to the Notes, either the Trustee or the holders of at least
25% in principal amount of the outstanding Notes may declare the principal of, premium, if any, and accrued and unpaid interest (including,
without limitation, any deferred interest and, to the extent permitted by applicable law, any compound interest) on the Notes to be due
and payable immediately (notwithstanding any deferral of interest payments in accordance with the provisions discussed above under “—Option
to Defer Interest Payments”). If any Event of Default described in clause (5) above occurs, the principal of, premium, if any, and
accrued and unpaid interest (including, without limitation, any deferred interest and, to the extent permitted by applicable law, any
compound interest) on the Notes will be automatically due and payable immediately (notwithstanding any deferral of interest payments in
accordance with the provisions discussed above under “—Option to Defer Interest Payments”), without any declaration,
notice or other act on the part of the Trustee or any holder. However, any time after an acceleration with respect to the Notes has occurred,
but before a judgment or decree based on such acceleration has been obtained, the holders of a majority in principal amount of outstanding
Notes may, under some circumstances, rescind and annul such acceleration. The majority-holders, however, may not annul or waive a continuing
default in payment of principal of, premium, if any, or interest on the Notes.

The Trustee will be entitled
to receive reasonable indemnification satisfactory to it from the holders of the Notes before the Trustee exercises any of its rights
or powers under the Indenture. This indemnification is subject to the Trustee’s duty to