CHIPS Act definition

CHIPS Act means Title XCIX — Creating Helpful Incentives to Produce Semiconductors for America of the ▇▇▇▇▇▇▇ ▇. (Mac) ▇▇▇▇▇▇▇▇▇▇ National Defense Authorization Act for Fiscal Year 2021 (Pub. L. 116-283), as amended by the CHIPS Act of 2022 (Division A of Pub. L. 117-167).

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CHIPS Act means the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021, as amended by the CHIPS Act of 2022.

CHIPS Act means the Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022. “Closing Date” means the date on which the Closing occurs.

Examples of CHIPS Act in a sentence

• As of the date hereof, no member of the Company Group has received any written notice from the United States Department of Commerce that it has denied, or that it intends to deny or does not intend to approve, an award of direct funding to the Company pursuant to the CHIPS Act.

• Grantor may take into account any market conditions impacting the Grantee in its determination of whether to waive all or a portion of the liquidated damages amount, which conditions will be determined by the Grantor, with criteria the Grantor deems appropriate, that may include, by way of example only, whether the Grantee received expected CHIPS Act funding.

• DFA Agreement: the Direct Funding Agreement entered into by and between Infinera Corp and the U.S. Department of Commerce in connection with a grant awarded to Infinera Corp under the CHIPS Act (15 USC Ch. 72A) pursuant to which Infinera Corp will receive up to $93,000,000 in funds to be used in connection with the construction of a fabrication facility in San Jose, California and the construction of a photonics packaging and test facility in Bethlehem, Pennsylvania, as amended from time to time.

• Subject to the foregoing, the Intel Member may cause the Company to comply with the CHIPS Act, the FABS Act and other applicable Laws or regulations that would make the Intel Member or its Affiliates (including the Company) eligible for Economic Incentives.

• In the event that the Company fails to submit documentation to Bel Aire by December 31, 2023 evidencing the Company’s award of federal grant funds under the CHIPS Act of 2022, this Agreement shall immediately terminate.

More Definitions of CHIPS Act

CHIPS Act means the Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022.

CHIPS Act means Title XCIX — Creating Helpful Incentives to Produce Semiconductors for America of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (Pub. L. 116-283), as amended by the CHIPS Act of 2022 (Division A of Pub. L. 117-167).

CHIPS Act means sections 9901-9907 of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021, as amended (15 U.S.C. §§ 4651-4657), and sections 101-107 of the CHIPS and Science Act of 2022 (H.R. 4346), as in effect on the Contribution Agreement Execution Date.

CHIPS Act means Title XCIX—Creating Helpful Incentives to Produce Semiconductors for America of the ▇▇▇▇▇▇▇ ▇. (Mac) ▇▇▇▇▇▇▇▇▇▇ National Defense Authorization Act for Fiscal Year 2021 (Pub. L. 116-283), as amended by the CHIPS Act of 2022 (Division A of Pub. L. 117-167). “CHIPS Incentives” means the provision of direct funding (via grants, cooperative agreements, or other transactions), loans and loan guarantees as described in the NOFO. “CHIPS Incentives Program” has the meaning given to that term in the Recitals. “CHIPS Program Office” means the office of the Department overseeing the administration of the CHIPS Incentive Program. “Communications” has the meaning given to that term in Section 11.2 (Use of Websites). “Company Termination Fee” has the meaning given to that term in the Plan of Merger.

CHIPS Act means sections 9901-9907 of the ▇▇▇▇▇▇▇ ▇. (Mac) ▇▇▇▇▇▇▇▇▇▇ National Defense Authorization Act for Fiscal Year 2021, as amended (15 U.S.C. §§ 4651-4657), and sections 101-107 of the CHIPS and Science Act of 2022 (H.R. 4346), as in effect on the Contribution Agreement Execution Date.