Common use of Potential Competing Interests Clause in Contracts

Potential Competing Interests. To the best of ----------------------------- Pioneer's and the Bank's knowledge, no shareholder of Pioneer who owns more than one percent (1%) of the outstanding shares of Pioneer Common Stock, nor any director, officer or employee of either Pioneer or the Bank, nor any member of any such person's family, have any direct or indirect (1% or more) interest in any Person which competes or conflicts with, or is engaged in any business of the kind being conducted by, either Pioneer or the Bank or which does business or engages in commerce with, or provides goods or services to, either Pioneer or the Bank. Neither Pioneer nor the Bank uses any real or personal property in which any shareholder of Pioneer or any director, officer or employee of either Pioneer or the Bank, or any member of any such person's family, have a direct or indirect (1% or more) interest.