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  <TITLE> Wave Wireless Corporation (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	August 9, 2006
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  	Wave Wireless Corporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-25356
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  	77-0289371
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	255 Consumers Road, Suite 500, Toronto, Ontario
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  	M2J 1R4
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	416-502-3200
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.02 Termination of a Material Definitive Agreement.
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  On August 9, 2006, the Registrant was advised by Silicon Valley Bank (the "Bank") that the Loan and Security Agreement, dated September 20, 2002 (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Facility"), and that certain Loan and Security Agreement (Exim Program), dated September 20, 2002 (as amended, supplemented or otherwise modified from time to time, the "Exim Loan Agreement"), each by and between the Registrant and the Bank, were terminated, effective August 4, 2006 (the "Termination Date").<br><br>As of the Termination Date, no amounts were due and owing the Bank under the terms of the Credit Facility or the Exim Loan Agreement.<br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Wave Wireless Corporation
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  	&nbsp;&nbsp;
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  <I>
  	August 11, 2006
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  	By:
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  <I>
  	T. Scott Worthington
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  <I>
  	Name: T. Scott Worthington
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  	Title: Vice President, CFO and Secretary
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_14385.htm", "description": "LIVE FILING", "secsgml_size_bytes": 8943}]
metadata_filer: {"company-data": {"conformed-name": "WAVE WIRELESS CORP", "cik": "0000935493", "assigned-sic": "3663", "irs-number": "770289371", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25356", "film-number": "061024412"}, "business-address": {"street1": "1996 LUNDY AVENUE", "street2": "FORMERLY P-COM INC.", "city": "SAN JOSE", "state": "CA", "zip": "95131", "phone": "408.943.4200"}, "mail-address": {"street1": "1996 LUNDY AVENUE", "city": "SAN JOSE", "state": "CA", "zip": "95131"}, "former-company": {"former-conformed-name": "P COM INC", "date-changed": "19980109"}}
text: Wave Wireless Corporation (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  August 9, 2006
  Wave Wireless Corporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-25356
  77-0289371
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  255 Consumers Road, Suite 500, Toronto, Ontario
  M2J 1R4
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  416-502-3200
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.02 Termination of a Material Definitive Agreement.
  On August 9, 2006, the Registrant was advised by Silicon Valley Bank (the "Bank") that the Loan and Security Agreement, dated September 20, 2002 (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Facility"), and that certain Loan and Security Agreement (Exim Program), dated September 20, 2002 (as amended, supplemented or otherwise modified from time to time, the "Exim Loan Agreement"), each by and between the Registrant and the Bank, were terminated, effective August 4, 2006 (the "Termination Date").
  As of the Termination Date, no amounts were due and owing the Bank under the terms of the Credit Facility or the Exim Loan Agreement.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Wave Wireless Corporation
  August 11, 2006
  By:
  T. Scott Worthington
  Name: T. Scott Worthington
  Title: Vice President, CFO and Secretary