Finite difference calculations describing the impact mechanics associated with a 10 to 30 km diameter silicate or water object impacting a 5 km deep ocean overlying a silicate solid planet demonstrate that from 12 to 15% of the bolide energy resides in the water. It is speculated that minimal global tsunami run-up heights on the continents would be 300-400 meters, and that such waves would inundate all low altitude continental areas, and strip and silt-over virtually all vegetation. As a result the terrestrial animal food chain would be seriously perturbed. This could in turn cause extinction of large terrestrial animals