Cliff edge effect definition
Cliff edge effect means an instance of disproportionately severe abnormal consequences from an event following a relatively small deviation in a parameter or a state of SSCs.
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Related to Cliff edge effect
Release Effective Date means the date the Release becomes effective and irrevocable.
Required Effective Date means the relevant Initial Required Effective Date or Increased Required Effective Date (as those terms are defined below).
Acquisition Date With respect to any REO Property, the first day on which such REO Property is considered to be acquired by the Trust Fund within the meaning of Treasury Regulations Section 1.856-6(b)(1), which is the first day on which the Trust Fund is treated as the owner of such REO Property for federal income tax purposes.
Increase Effective Date has the meaning specified in Section 2.14(d).
Acquisition Closing Date means the date on which the Acquisition is consummated.