1-2 Shift Valve (318)
WARNING: This page is about a different car, the 2008 Buick LaCrosse and 2008 Buick Allure. However, it is still accessible from the selected car via links, so may be relevant.
When shifted against spring force, allows braking to enter the braking-1st gear passage to the low regulator valve (313). During release of the 2nd clutch, exhausting 2nd fluid passes through the valve and enters the 3rd fluid passage.