Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 41

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 41
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 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. No interest will be due
or payable on the Notes during an Optional Deferral Period, except upon a redemption of any Notes on any redemption date during such Optional
Deferral Period (in which case all accrued and unpaid interest (including, to the extent permitted by applicable law, any compound interest)
on the Notes to be redeemed to but excluding such redemption date will be due and payable on such redemption date), or unless the principal
of and interest on the Notes shall have been declared due and payable as the result of an Event of Default with respect to the Notes (in
which case all accrued and unpaid interest, including, to the extent permitted by applicable law, any compound interest, on the Notes
shall become due and payable). All references in the Notes and, insofar as relates to the Notes, the Indenture, to “interest”
on the Notes shall be deemed to include any such deferred interest and, to the extent permitted by applicable law, any compound interest,
unless otherwise expressly stated or the context otherwise requires.

Before the end of any Optional
Deferral Period that is shorter than 20 consecutive semi-annual Interest Payment Periods, the Issuer may elect, at its option, to extend
such Optional Deferral Period, so long as the entire Optional Deferral Period does not exceed 20 consecutive semi-annual Interest Payment
Periods or extend beyond the final maturity date of the Notes. The Issuer may also elect, at its option, to shorten the length of any
Optional Deferral Period. No Optional Deferral Period (including as extended or shortened) may end on a day other than the day immediately
preceding an interest payment date. At the end of any Optional Deferral Period, if all amounts then due on the Notes, including all accrued
and unpaid interest thereon (including, without limitation and to the extent permitted by applicable law, any compound interest), are
paid, the Issuer may elect to begin a new Optional Deferral Period; provided, however, that, without limitation of the foregoing, the
Issuer may not begin a new Optional Deferral Period unless the Issuer has paid all accrued and unpaid interest on the Notes (including,
without limitation and to the extent permitted by applicable law, any compound interest) from any previous Optional Deferral