Wait/Timeout Function Actions

Greetings! I have what is probably a simple question about the WAIT function in rule machine. I am under the inpression that if a WAIT timeout is set, and does in fact timeout, the remaining actions in the rule will then run. Is this correct, or does the timeout exit the rule? See screenshot for reference. Thank you!

If a trigger occurs while in a wait the rule will be stopped and the trigger condition is executed. In this case, however, because you have a required expression and you make it False at the rule beginning the rule can not be retriggered. So the waits will continue the rule when the event occurs or they timeout.

Okay thank you! So my assumption was correct then, this is functioning as intended?