Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 47

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 47
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 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
Trustee shall have received, on or before the applicable redemption date, monies in an amount sufficient to pay the redemption price and
accrued and unpaid interest on the Notes called for redemption to but excluding the redemption date. If monies in such amount are not
received by the Trustee on or before such redemption date, such notice of redemption shall be automatically canceled and of no force or
effect, such proposed redemption shall be automatically canceled and the Issuer shall not be required to redeem the Notes called for redemption
on such redemption date. In the event that a redemption is canceled, the Issuer will, not later than the business day immediately following
the proposed redemption date, deliver, or cause to be delivered, notice of such cancellation to the registered holders of the Notes called
for redemption (which notice will also indicate that any Notes or portions thereof surrendered for redemption shall be returned to the
applicable holders), and the Issuer will direct the Trustee to, and the Trustee will, promptly return any Notes or portions thereof that
have been surrendered for redemption to the applicable holders.

Unless the Issuer or the
Guarantor defaults in payment of the redemption price or the proposed redemption is canceled in accordance with the provisions set forth
in the immediately preceding paragraph, on and after the redemption date interest will cease to