Preheat oven in Convection Bake to 350°F (*325°F).
Saute onion, red pepper and green pepper in olive oil until crisp-tender. Stir in hot sauce. Set aside.
Grease a 15" x 10" x 1" jellyroll pan. Press crescent roll dough onto jelly roll pan.
Convection Bake for 5 minutes. Sprinkle with Parmesan cheese. Top with onion mixture and Monterey Jack cheese. Bake for additional 15 minutes or until cheese begins