Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 47

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 47
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 for any Notes falls on any day during an Optional Deferral Period (as defined below under “—Option to Defer Interest Payments”), accrued and unpaid interest (including, to the extent permitted by applicable law, any compound interest (as defined below under “—Option to Defer Interest Payments”)) on such Notes will be paid on such redemption date to the persons entitled to receive the redemption price of such Notes. For the avoidance of doubt, the interest payment date

<div align='center'>S-25</div>

falling immediately
after the last day of an Optional Deferral Period shall not be deemed to fall on a day during such Optional Deferral Period.

Notice of any redemption
will be mailed or electronically delivered (or otherwise transmitted in accordance with the depositary’s procedures) at least 10
days but not more than 60 days before the redemption date to each holder of Notes to be redeemed. Once notice of redemption is mailed,
the Notes called for redemption will become due and payable on the redemption date at the applicable redemption price, plus, subject to
the terms described in the immediately preceding paragraph, accrued and unpaid interest to but excluding the redemption date, and will
be paid upon surrender thereof for redemption, unless (a) the notice of redemption provides that such redemption shall be subject to the
condition described in the next succeeding paragraph and (b) such redemption shall have been canceled in accordance with the provisions
of the next succeeding paragraph because such condition shall not have been satisfied. If only part of a note is redeemed, the Trustee
will issue in the name of the registered holder of the note and deliver to such holder a new note in a principal amount equal to the unredeemed
portion of the principal of the note surrendered for redemption. If the Issuer elects to redeem all or a portion of the Notes, then, unless
otherwise provided in such notice of redemption as described in the next succeeding paragraph, the redemption will not be conditional
upon receipt by the paying agent or the Trustee of monies sufficient to pay the redemption price.

If, at the time a notice
of redemption is given, (i) the Issuer has not effected satisfaction and discharge of the Notes as described under “—Satisfaction
and Discharge” and (ii) such notice of redemption is not being given in connection with or in order to effect satisfaction and discharge
of the Notes, then, if the notice of redemption so provides and at our option, the redemption may be subject to the condition that the