Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 61

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 61
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 the Issuer only if, among other things:

| · | the Issuer irrevocably deposits with the Trustee cash, U.S. Government Obligations, or a combination thereof                                 
 as trust funds in an amount certified by a nationally recognized firm of certified public accountants to be sufficient to pay at final       
 maturity or upon redemption (including with respect to a Tax Event or a Rating Agency Event) the principal of, premium, if any, and interest 
 on all outstanding Notes; and                                                                                                                |

| · | the Issuer delivers to the Trustee an opinion of counsel to the effect that the beneficial owners of the                                       
 Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of the legal defeasance or covenant defeasance. 
 This opinion must further state that these beneficial owners will be subject to U.S. federal income tax on the same amounts, in the same       
 manner and at the same times as would have been the case if our legal defeasance or covenant defeasance had not occurred. In the case          
 of a legal defeasance, this opinion must be based on a ruling of the IRS or a change in U.S. federal income tax law occurring after the        
 date of the Indenture.                                                                                                                         |

<div align='center'>S-33</div>

Transfer and Exchange

A holder of Notes may transfer
or exchange Notes at the office of the registrar in accordance with the Indenture. The registrar and the Trustee may require a holder,
among other things, to furnish appropriate endorsements and transfer documents. No service charge will be imposed by the Issuer, the Trustee
or the registrar for any registration of transfer or exchange of Notes, but the Issuer may require a holder or beneficial owner to pay
a sum sufficient to cover any transfer tax or other similar governmental charge or other fee required by law. The Issuer will not be required
to transfer or exchange any Note selected for redemption. Also, the Issuer will not be required to transfer or exchange any Note for a
period of 15 days before sending a notice of redemption. The registered holder of a Note will be treated as the owner of it for all purposes.

Consent to Jurisdiction and Service

Under the Indenture, Emera
has irrevocably appointed the Issuer as its agent for service of process in any suit, action or proceeding arising out of or relating
to the Indenture, the Notes and the