VIL Debt definition
VIL Debt means the indebtedness of Vasogen Ireland Limited to the Vendor as of the Effective Time; and
Examples of VIL Debt in a sentence
The Vendor acknowledges and agrees that upon prior written notice by the Purchaser prior to the winding-up or dissolution of Vasogen Ireland Limited and/or Vasogen, Corp., as applicable, the Vendor will and will be deemed to have assigned all of the receivables in respect of the VUS Debt to Vasogen, Corp.and/or the VIL Debt to Vasogen Ireland Limited, as applicable, in respect of such winding-up or dissolution.