WATER DISCHARGE ASSESSMENTS Sample Clauses

WATER DISCHARGE ASSESSMENTS. Certain subsidiaries of GIMSA have been notified by the National Water Commission of fee assessments due from different years amounting to Ps.24.9 million plus related penalties and surcharges. These fees arise from our alleged discharge of sewage water on public property through the sprinkler systems located on the grounds of some of our subsidiaries. The current status of these fee assessments is as follows: (a) we have obtained final favorable court decisions to annul fee assessments for Ps.6.9 million; (b) we have obtained favorable court decisions to annul fee assessments for Ps.14.2 million and such decisions were appealed by the CNA (the resolutions of such appeals are currently pending); and (c) we have obtained favorable court decisions to annul fee assessments for Ps.3.8 million. However, such decisions may still be appealed by the CNA. According to our legal counsel, we have a reasonable basis to believe that we have been and are in compliance with the applicable regulations because we believe the discharged water is neither sewage water nor to have been discharged on public grounds. Accordingly, we believe all matters will be resolved in our favor. We will continue to vigorously defend against these fee assessments.
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