Common use of Disposition of Properties Clause in Contracts

Disposition of Properties. The Company shall not, and shall not ------------------------- permit the Subsidiaries to, sell, assign, exchange, transfer, lease or otherwise dispose of any of their respective properties (whether real or personal), other than properties sold, assigned, exchanged, transferred, leased or otherwise disposed of for fair value and in the ordinary course of business or properties transferred to the Company or a Subsidiary pursuant to the dissolution, conversion or merger of a Subsidiary permitted under Section 8.5, or properties ----------- with an aggregate value which does not exceed $2,500,000 in any one year; provided, however, any transfer of any or all of the assets, properties, -------- ------- business or stock of Standard Pacific Financing, L.P. and Standard Pacific Financing, Inc. shall be permitted and shall not be counted toward the limitation in this covenant.

Disposition of Properties. The Company shall not, and shall ------------------------- not ------------------------- permit the Subsidiaries to, sell, assign, exchange, transfer, lease or otherwise dispose of any of their respective properties (whether real or personal), other than properties sold, assigned, exchanged, transferred, leased or otherwise disposed of for fair value and in the ordinary course of business or properties transferred to the Company or a Subsidiary pursuant to the dissolution, conversion or merger dissolution of a Subsidiary permitted under Section 8.5, or properties ----------- with an ----------- aggregate value which does not exceed $2,500,000 in any one year; provided, -------- however, any transfer of any or all of the assets, properties, -------- ------- business or stock ------- of Standard Pacific Savings, Standard Pacific Financing, L.P. and Standard Pacific Financing, Inc. shall be permitted and shall not be counted toward the limitation in this covenant.

Disposition of Properties. The Company shall not, and shall not ------------------------- permit the Subsidiaries to, sell, assign, exchange, transfer, lease or otherwise dispose of any of their respective properties (whether real or personal), other than properties sold, assigned, exchanged, transferred, leased or otherwise disposed of for fair value and in the ordinary course of business or properties transferred to the Company or a Subsidiary pursuant to the dissolution, conversion or merger dissolution of a Subsidiary permitted under Section 8.5, or properties ----------- with an aggregate value ----------- which does not exceed $2,500,000 in any one year; provided, however, any -------- ------- transfer of any or all of the assets, properties, -------- ------- business or stock of Standard Pacific Financing, L.P. Savings and Standard Pacific FinancingPanel Concepts, Inc. shall be permitted and shall not be counted toward the limitation in this covenant.