This excerpt taken from the PAE 20-F filed Mar 15, 2007.
BANKRUPTCY & INVOLUNTARY ASSIGNMENT
Any of the following acts or occurrences with respect to either Tenant or any guarantor of this Lease will constitute an involuntary assignment: filing a petition under Chapter 7, 10, 11 or any other provision of the Bankruptcy Act now or hereafter in effect; making an assignment for the benefit of creditors; being adjudicated bankrupt in involuntary bankruptcy proceedings, unless the judgment is vacated within 60 days from entry; becoming insolvent (reflected by either a written admission of inability to meet current obligations, actual inability to meet current obligations, or liabilities exceeding assets); appointment of a receiver or trustee for any property, unless the appointment is set aside or vacated within 60 days after entry; attachment or execution upon any property (including, without limitation, this Lease) unless the attachment or execution is removed within 60 days after levy; or transfer or assignment of this Lease by operation of law (including, without limitation, transfer by will or intestacy).
An involuntary assignment will constitute a default by Tenant and Landlord will have the right to terminate this Lease. This Lease will not be treated as an asset of Tenant and neither Tenant nor any person claiming through or under Tenant (or by virtue of any statute or order of any court) will be entitled to possession of the Premises, which will be forthwith surrendered to Landlord. Landlord will be entitled to recover damages at least in the amounts set forth in Article 31 of this Lease; however, nothing herein will limit or prejudice the right of Landlord to seek any other damages allowed by any applicable statute or rule of law.