Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 107

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 107
---
 in principal amount of the outstanding Debt Securities of all series affected by an Event of Default shall have the right to
direct the time, method and place of conducting any proceeding for any remedy available to the trustee, or exercising any trust or power
conferred on the trustee, with respect to the outstanding Debt Securities of such affected series, the Guarantee in respect thereof, provided
in each case: (i) such direction shall not be in conflict with any rule of law or with the terms of the applicable Indenture, (ii) the
trustee may take any other action deemed proper by the trustee which is not inconsistent with such direction, and (iii) the trustee need
not take any action which might expose the trustee to personal liability or be unduly prejudicial to the holders of outstanding Debt Securities
of such affected series not joining therein.

<div align='center'>17</div>

Modification and Waiver

We and the trustee (and any
applicable Guarantor, solely in the case of supplemental indentures amending any covenant, right or power of such Guarantor under the
applicable Indenture) may modify and amend the applicable Indenture with the consent of the holders of not less than a majority in principal
amount of all Outstanding Debt Securities under the applicable Indenture that are affected by such modification or amendment; provided
that no such modification or amendment may, without the consent of the holder of each Outstanding Debt Security affected thereby, among
other things:

| · | extend the Stated Maturity of the principal of any of the Debt Securities of such series; |

| · | reduce the principal amount of any of the Debt Securities of such series; |

| · | reduce the rate or extend the time of payment of interest, including default interest, on any of the Debt 
 Securities of such series;                                                                                |

| · | reduce any amount payable on redemption of any of the Debt Securities of such series; |

| · | change the currency in which the principal of or premium, if any, or interest on any of the Debt Securities 
 of such series is payable;                                                                                  |

| · | impair the right to institute suit for the enforcement of any payment of principal of or premium, if any, 
 or interest on any Debt Security of such series, subject to certain terms of the applicable Indenture;    |

| · | make any change in the percentage of principal amount of the Debt Securities of such series necessary 
 to waive compliance with or to modify certain provisions of the applicable Indent