Couple of things you can do. One is use less tracks as suggested before. You can use a pair of overhead or room mics to get the drums and guitars/bass on two tracks. If you wanted more control you can record bass direct, overhead mic plus kick mic (for drums) and mic the guitar cabinet. Vocals on a separate track and you're at a total of 5-6 tracks.
Remember the more tracks you use, the more control you have, but the more time it takes to mix down everything.
When I record "live" practice (which I don't do often unless we're creating) I literally use three mics - one room (drum) mic, mic in front of guitar, bass (direct) and vocal mic. This gives me a little control on guitar, bass and vocals as well as "room" sound. I've placed the room mic in a good location to balance drums and guitar/bass sound. I could in theory just use the room mic to get the whole band sound. The additional mics allow a little more control for my mixes. Remember the live "practice" is just that - practice. The sound doesn't have to be perfect.
I can mix down the practice in about 10-15 min.
If I was recording a live performance, then this setup wouldn't work well and I wouldn't be under a time constraint as well.
Also, are you using 45 minutes of recording time without stopping, as in a one-take 45 min live session? If so have you considered stopping the recording in between songs, so that you can export songs individually?
As suggested you can mix down quickly to mp3 and email the song to your bandmates.
I export my tracks individually and use Sound Forge to make CDs/MP3s. I can export a 4 min song in about 30 seconds to a WAV file, import that WAV file into Sound Forge, do a quick mastering for volume and compression, and export it to MP3 in a total of about 2 minutes. I'd then just use windows media player to make a CD out of the WAV files and a playlist out of the MP3s to email to people if I wanted to.