Ann: Hanlong and Iron Ore Update , page-14

I maybe wrong, but the way I read it is,

Providing the loan is paid by the 24th March TCW will waive the $38.5mil.

This is the carrot being dangled by TCW for Hanlong to seal the deal quick.

Summary,

Hanlong to have SAFE approval by the 15th March,

They have until 30th April to sign the deal,

The incentive to sign by the 24th saves MOL $38.5mil interest.

They have till the 30th Sept to arrange finance or forefit part of the $60mill loan.

Which ever way you look at it the 15th March is crunch day no SAFE approval will put MOL in a very awkward position.