If anyone wants to know how I ended up doing this I didn't use the null coalesce operator... It was even simpler than that. Maybe I didn't explain my self clearly but what I needed to do was to say that if the value is null then means I want to include that result. Check it out.
possibleVendors = (from vndMapping in db.COMPANIES_VND_MAPPINGS
join v in db.COMPANIES_CMP_COMPANIES on vndMapping.VENDOR_ID equals v.COMPANY_ID
where
!(from ex in db.COMPANIES_VND_MAPPINGS
where (ex.OEM_ID == oemId || ex.OEM_ID == null)
&& (ex.MODEL_ID == modelId || ex.MODEL_ID == null)
&& (ex.MODALITY_ID == modalityId || ex.MODALITY_ID == null)
&& (ex.CLASS_ID == productTypeId || ex.CLASS_ID == null)
&& ex.EXCLUDE.ToUpper().Equals("Y")
select ex.VENDOR_ID).Contains(vndMapping.VENDOR_ID)
&& (vndMapping.OEM_ID == oemId || vndMapping.OEM_ID == null)
&& (vndMapping.MODEL_ID == modelId || vndMapping.MODEL_ID == null)
&& (vndMapping.MODALITY_ID == modalityId || vndMapping.MODALITY_ID == null)
&& (vndMapping.CLASS_ID == productTypeId || vndMapping.CLASS_ID == null)
select new
{
vndMapping.VENDOR_ID,
v.COMPANY_NAME
}).Distinct().OrderBy(x => x.VENDOR_ID).ToDictionary(x => x.VENDOR_ID, x => x.COMPANY_NAME);
Now keep in mind - I had a few limitations in that I didn't design the business logic (obviously) or the database - Someone else might have a better way to do this if you had complete control of everything, this seems to work though.