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IM <br />inure to the benefit of and bind the respective parties hereto and <br />their successors in interest and assigns, and no portion of this <br />Agency Agreement may be assigned by any party without the prior <br />written consent of all other parties. <br />15. The agency provisions herein contained apply only as <br />stated and shall not be deemed to create any partnership, joint <br />venture or other enterprise of any type or nature between the <br />Commission and the Board of Public Works. <br />16. The parties acknowledge that prior to the execution of <br />this Agency Agreement the Board of Public Works, at the request of <br />the Commission, has acted as its agent with respect to the design, <br />purchase and construction of the Improvements, and, in that <br />capacity, has executed contracts, accepted work, and has authorized <br />payment to contractors from BAN proceeds for the same. It is the <br />intent of the parties hereby to ratify all such actions of the <br />Board of Public Works taken on behalf of the Commission. <br />17. No amendment, modification or alteration of the terms of <br />this Agreement shall be binding unless duly executed by the parties <br />hereto in writing, dated subsequent to the date hereof. <br />-7- <br />