English to Greek Law/Patents Business/Commerce (general)

5) Vendor indemnifies and saves and holds CHAINS, its directors, officers, employees and representatives (“Indemnified Parties”) harmless from and against any and all claims, actions and proceedings in any way related to all or any of the merchandise covered by any order, together with any and all loss, cost, damage, liability and expense (including, but not limited to, reasonable attorney's fees and costs of litigation) incurred by or on behalf of CHAINS, its directors, officers, employees or representatives in connection therewith (“Expenses”), except to the extent that such Expenses are the result of the negligence or willful misconduct of CHAINS. Without limiting the generality of the foregoing, Vendor indemnifies and holds the Indemnified Parties harmless from all Expenses incurred by reason of (i) any design, patent, trademark or copyright litigation now existing or hereafter commenced with respect to any or all items delivered by Vendor, (ii) any claims or demands of any kind which any purchaser or user of such merchandise may make against CHAINS arising from the use of such merchandise or from any patent or hidden defects in the quality of such merchandise or the dangerous condition thereof or the negligence of Vendor or its agents, and (iii) the breach by Vendor of any representation or warranty. If CHAINS so ***directs***, Vendor shall, at its sole expense, defend CHAINS, its directors, officers, employees and representative against any and all such claims, actions and proceedings. In the event Vendor fails or refuses to provide such defense, or if having commenced such defense Vendor fails to diligently pursue the same, then CHAINS (or its directors, officers, employees or representatives, as the case may require) may commence its or their own defense at Vendor's sole expense. Vendor shall procure on or before June 15, 2006, and maintain insurance coverages adequate to cover its indemnity obligations above, but in any event not less than amounts reasonably required by CHAINS, including without limitation product liability insurance in commercially reasonable amounts, from a duly licensed insurance company maintaining an A. M. Best’s Rating of A-/IX or better. Vendor shall provide and maintain an insurance certificate in form and substance acceptable to CHAINS evidencing such coverages. Alternatively, Vendor agrees that: