If the Version is anything but 1 in the VDB editor in Designer 9.0.7, the below NPE is thrown in Designer, but the VDB is deployed successfully on the server.
[1]
!ENTRY org.teiid.designer.dqp.ui 4 0 2016-09-01 06:47:52.499
!MESSAGE
!STACK 0
java.lang.NullPointerException
at org.teiid.runtime.client.admin.ExecutionAdmin.doDeployVdb(ExecutionAdmin.java:240)
at org.teiid.runtime.client.admin.ExecutionAdmin.deployVdb(ExecutionAdmin.java:181)
at org.teiid.designer.runtime.TeiidServer.deployVdb(TeiidServer.java:618)
at org.teiid.designer.runtime.ui.vdb.VdbDeployer.deploy(VdbDeployer.java:307)
at org.teiid.designer.runtime.ui.actions.DeployVdbAction$1.run(DeployVdbAction.java:320)
at org.eclipse.jface.operation.ModalContext$ModalContextThread.run(ModalContext.java:122)