the Ottawa Convention Centre Corporation (the “OCC”) requires a line of credit for operational purposes
O.C. 1162/2016
Ontario — Orders in Council
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Order in Council 1162/2016
On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:
whereas the Ottawa Convention Centre Corporation (the “OCC”) requires a line of credit for operational purposes;
the borrowing by the OCC for operational purposes from time to time upon its own credit in an aggregate principal amount not to exceed Three Million Dollars ($3,000,000.00) in lawful money of Canada outstanding at any one time to be repaid in full no later than March 31, 2018; and
the charging or mortgaging by the OCC of all or any of its currently owned or subsequently acquired personal property to secure some or all of the borrowing contemplated in (
a) above.
Ministry of Tourism, Culture and Sport
Approved and Ordered:
July 20, 2016
Updated: June 29, 2022
Published: January 03, 2017