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 osculum is an excretory structure in the living sponge, a large opening to the outside through which the current of water exits after passing through the spongocoel. Waste â¦ s diffuse into the water and the water exits through the osculum at a velocity of nearly 8.4 cm/second, carrying away with it the sponge's wastes. The size of the osculum is regulated by the myocyte. Its size, in turn, determines the amount of water flowing through the sponge.