My interpretation is the full balance is due 1 March 2024. The...

My interpretation is the full balance is due 1 March 2024.
The exorbitant interest rate is there as powerful deterrent. If MNS cannot pay the debt in time, the lender immediately takes on more risk, and thus both parties (MNS and the lender) have agreed on compensation.

This only makes the situation marginally better, the cash balance is still slim.
But just saying, at this stage MNS won't be planning on paying any interest.

^{If they can't pay the debt, they still won't pay interest because they'll be bankrupt! lmao gottem}