Board of Directors of the Subsidiaries. The Issuers shall cause the board of directors of Cypress to be comprised of the same directors as the Board of Directors of U.S. RealTel as set forth in this Section 7.5. The Issuers shall cause the compensation committee and nominating committee of each Subsidiary, if any, to be comprised of the same directors as the Compensation Committee and Nominating Committee of the Issuer. Within thirty (30) days of the date hereof, the board of directors of each Subsidiary other than Cypress shall be comprised of Xxxx Xxxxxxx and one (1) of the directors designated by the Purchasers.
Board of Directors of the Subsidiaries. The Investor shall be entitled to appoint a minimum of one (I) non-rotational director on the board of directors of a Material Subsidiary if such Material Subsidiary proposes to conduct a public offering of its Equity Securities on any securities exchange other than a Stock Exchange and, subject to applicable Law, the Investor shall continue to have such right to appoint a director on such Material Subsidiary post such listing on the relevant securities exchange. In such a case, the Company shall take all necessary steps to ensure the appointment of the nominee of the Investor on the board of directors of such Material Subsidiary.
