OCC Hotel Project definition

OCC Hotel Project means the proposed hotel to be Hyatt Regency Portland at the Oregon Convention Center, scheduled to open in late-2019located adjacent to the Oregon Convention Center, which will (i) function as the lead hotel for national marketing and convention purposes, (ii) include the necessary meeting and ballroom facilities, and (iii) provide a dedicated room block agreement for of 500 rooms needed to bring additional national convention business to thefor OCC events and conventions.
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OCC Hotel Project means the proposed hotel to be located adjacent to the Oregon Convention Center, which will (i) function as the lead hotel for national marketing and convention purposes, (ii) include the necessary meeting and ballroom facilities, and (iii) provide a dedicated room block agreement for 500 rooms needed to bring additional national convention business to the OCC.
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Examples of OCC Hotel Project in a sentence

  • If Metro issues OCC Hotel Project Bonds consistent with Section 6.2, neither this Agreement nor the imposition of the VFTA TLT will terminate until all of the OCC Hotel Project Bonds are paid or defeased (the “Termination Date”), and the Agreement may be extended beyond the Termination Date by agreement of the Parties.

  • However, the amendments to enable SSTLTR from the Excise Tax Fund TLT of the OCC Hotel Project to be redirected to the VFTA and to allow the VFTA to receive the non-VFTA SSTLTR shall be contingent upon Metro signing an OCC Hotel Project Development Agreement consistent with Section 6.2.

  • The development of the Strategic Plan will begin in January of the third year following the opening of the OCC Hotel Project or January 2020, whichever comes first.

  • Report to the City Mayor, County Chair and Metro Council President on the net financial impact to the VFTA of a change in tax status of the OCC Hotel Project Bonds.

  • Fourth, to Metro, the amount necessary to pay scheduled debt service on OCC Hotel Project Bonds (including any mandatory sinking fund or redemption payments), if such bonds are issued as described in Section 6.2,so long as OCC Hotel Project Bonds remain outstanding.

  • Metro will obtain a waiver to Portland City Code 6.04.130.D from the OCC Hotel Project operator, including agreement to periodic updates of such waiver, to allow sharing of the SSTLTR information with the Financial Review Team, who shall sign a confidentiality agreement.

  • Within 30 days of a change in the tax status of the OCC Hotel Project Bonds.

  • If Metro does not issue OCC Hotel Project Bonds, as described in Section 6.2, this Agreement will terminate when all the City Bonds are paid or defeased (the “Early Termination Date”), and the Agreement may be extended beyond the Early Termination Date by agreement of the Parties.

  • Advice and guidance to the Metro COO regarding OCC Hotel Project Bond debt service coverage excluding non-VFTA revenues, and any proposed OCC Hotel Project Bond refunding structure.

  • For the purposes of the OCC Hotel Project funding strategy included in the VFIGA, the Parties must be provided information about the SSTLTR on an ongoing basis in order to perform their responsibilities under the Agreement.

Related to OCC Hotel Project

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Redevelopment project means a specific construction project

  • Mixed-use project means a project comprising both a qualified