Why am I getting the error "Not enough memory for audio" when recording...

Why am I getting the error "Not enough memory for audio" when recording to my external hard drive (on my MX2424)?

External hard drives larger than 9 gigabytes must be formatted as HFS+ (plus) or FAT-32. Using an external drive with an HFS (not "plus"), will cause this problem.

MX2424 software v2 is also required in order to use large(r) hard drives.

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