VIL Assets definition

VIL Assets means the assets of Vishay Israel Limited that are sold to VATL that are described in agreements between the parties that refer to the transfer of the (i) Foil and Thermal Shroud business and (ii) the Bonding business.
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Examples of VIL Assets in a sentence

  • It is expected that the sale of the VIL Assets to VATL (the “VIL Asset Sale”) will not create any cash tax liability for VIL in Israel in the tax year of the sale because of the ability to offset the any gain on the transaction against the existing net operating loss (“NOL”) in VIL.

  • VSH will actively pursue obtaining an opinion or other acceptable form of advice from its Israeli tax advisors that confirms at a “more likely than note” or higher level of comfort that the NOL may be used by VIL to offset any gain on the sale of the VIL Assets (the “Advice”).

  • VSH will actively pursue obtaining an opinion or other acceptable form of advice from its Israeli tax advisors that confirms at a “more likely than not” or higher level of comfort that the NOL may be used by VIL to offset any gain on the sale of the VIL Assets (the “Advice”).