Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 19

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 19
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 each, except that no such
Optional Deferral Period may extend beyond the final maturity date of the Notes or end on a day other than the day immediately preceding
an interest payment date. In other words, the Issuer may declare at its discretion up to a ten-year interest payment moratorium on the
Notes and may choose to do that on one or more occasions. Moreover, following the end of any Optional Deferral Period, if all amounts
then due on the Notes are paid, the Issuer could immediately start a new Optional Deferral Period of up to 20 consecutive semi-annual
Interest Payment Periods. No interest will be paid or payable on the Notes during any Optional Deferral Period unless the Issuer elects,
at its option, to redeem Notes during such Optional Deferral Period, in which case accrued and unpaid interest to but excluding the redemption
date will be due and payable on such redemption date only on the Notes being redeemed, or unless the principal of and interest on the
Notes shall have been declared due and payable as a result of an Event of Default with respect to the Notes, in which case all accrued
and unpaid interest on the Notes shall become due and payable. Instead, interest on the Notes would be deferred but would continue to
accrue at the then-applicable interest rate on the Notes (as reset from time to time on any Reset Date occurring during such Optional
Deferral Period in accordance with the terms of the Notes). In addition, during any Optional Deferral Period, interest on the deferred
interest would accrue at the then-applicable interest rate on the Notes (as reset from time to time on any Reset Date occurring during
such Optional Deferral Period in accordance with the terms of the Notes), compounded semi-annually, to the extent permitted by applicable
law. If the Issuer exercises this interest deferral right, the Notes may trade at a price that does not reflect the value of accrued and
unpaid interest on the Notes or that is otherwise substantially less than the price at which the Notes would have traded if the Issuer
had not exercised such deferral right. If the Issuer exercises this interest deferral right and you sell your Notes during an Optional
Deferral Period, you may not receive the same return on your investment as a holder that continues to hold its Notes until the Issuer
pays the deferred interest following the end of such Optional Deferral Period. In addition, as a result of the Issuer’s right to
defer interest payments