Standby Agreement. An agreement between the issuer of a security and its underwriters stating that the underwriters are responsible for any unsold portion of the issue. That is, the underwriters agree to buy the remainder of a new issue if they are unable to place its entirety with investors.
A sponge has water flow in through the pores. The water contains the food and oxygen the sponge needs. Respiration. A sponge takes in water through its pores and in more advanced forms, with canals that move the water to all throughout the sponge.
The structure of a sponge is simple. One end is attached to a solid such as a rock while the other end, called the osculum, is open to the environment. Sponges are able to get microorganisms such as algae and bacteria for food through openings.he first are the collar cells, which line the canals in the interior of the sponge. Flagella are attached to the ends of the cells and they help pump water through the spongeâs body. By pumping water, they help bring oxygen and nutrients to the sponge while also removing waste and carbon dioxide.