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15. No Partnership__or Joint Venture. None of the ten-ns or provisions of this <br /> shall be deemed to create a partnership between the parties hereto in their respective <br /> businesses or otherwise, nor shall it cause them to be considered joint venturers or members of <br /> any joint enterprise, This Agreement is not intended nor shall it be construed to create any third- <br /> party beneficiary rights in any person who is not a party hereto unless expressly otherwise <br /> o d v,'! Cd herein. <br /> 16. �'(,,,uLntcrparts.' This Agreement may be executed in one or more counterparts, each <br /> of which shall be deemed an original, but all of which together shall constitute one and the sanae <br /> ins ,Ut'ncnt. <br /> 17. 'N�o Waiver, No waiver by an Owner of any default under this Agreement shall be <br /> effective or binding upon such party unless made in writing. No waiver of any default shall be <br /> deemed a waiver of any other or subsequent default hereunder. <br /> [Remainder of this page intentionally left blank 17 <br /> 723596 <br /> Page: a of 23 <br /> R 00Z 7/30!2004 M420 <br /> C KRUSE CLK&REC M0N TROSE CO FPS <br />