An Obligor shall, within a period of no more than one month from the termination of the subscription period determined, take necessary actions to make a notation of the total of Bonds issued and secured by an undertaking in the pledge register. The notation application shall be attached to a statement approved by the Clearing Agency, which maintains the register of Bondholders that includes the names of Bondholders, the number and value of Bonds. Representative may take the action referred to in Article (12-34) in this Module, in the event that the Obligor refrains from taking it.