Automatic Advances. If, at any step in the informal or formal grievance procedure, it is determined that the designated person who is to respond to the grievance does not have the authority to resolve the issue presented, the grievance automatically advances to the next line of authority, as designated in the grievance procedure, who does have the authority to respond.
Automatic Advances. If, on the Maturity Date, the Borrowers fail to take either actions set forth in clauses (i) or (ii) of Section 1.13(b), then (i) the full face amount of the Letters of Credit then outstanding shall be deemed automatically to constitute a Term Advance. Further, in the event that the Agent or any Lender shall make any payment on or pursuant to any Letter of Credit Obligation, such payment shall then be deemed automatically to constitute a Term Advance. Such Term Advance shall be deemed to have been made hereunder regardless of whether Term Advances are then permitted and notwithstanding any Borrower's failure to satisfy the conditions precedent set forth in Exhibit II.
Automatic Advances. (A) At 2:30 p.m. Denver time on each Business Day, Agent will review the net activity of Borrower's account(s)
