Item 1.01 Entry into Material Definitive Agreement.
OnDecember 30, 2020 ,Calix, Inc. (the "Company") entered into the First Amendment to Loan and Security Agreement (the "Amendment"), which amended the Loan and Security Agreement (the "Loan and Security Agreement"), dated as ofJanuary 27, 2020 , by and among the Company, the financial institutions party thereto from time to time asLenders andBank of America, N.A ., a national banking association, as agent for the Lenders (in such capacity, "Agent"). The Loan and Security Agreement provides for a revolving credit facility up to a principal amount of$35,000,000 (the "Secured Revolving Line of Credit"), including a$10,000,000 sublimit for letters of credit, with the option to increase the line of credit to up to$60,000,000 upon meeting certain conditions. The Amendment (i) revises the unused line fee applicable to the Secured Revolving Line of Credit to equal 0.25% per annum and (ii) makes certain other amendments to the covenants regarding the delivery of borrowing base reports and Agent's right to conduct field examinations or request an appraisal. The foregoing description of the Amendment is only a summary of the material terms thereof, does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein. Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description 10.1 First Amendment to Loan and Security Agreement
dated
and amongCalix, Inc. , the financial institutions
party thereto from time to
time asLenders andBank of America, N.A . 3
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