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.
This helps keep them alive in their habitats. Most sponges are both male and female. In sexual reproduction, they may play either role. The âmaleâ sponge would release sperm into the water, which would travel and then enter a âfemaleâ sponge. After fertilization in the sponge, a larva is released into the water.his helps keep them alive in their habitats. Most sponges are both male and female. In sexual reproduction, they may play either role. The âmaleâ sponge would release sperm into the water, which would travel and then enter a âfemaleâ sponge. After fertilization in the sponge, a larva is released into the water.