OK, it's not the way I would do it... but I can see your logic...
As long as InputTrigger keeps pulsing, the Delay Timer keeps resetting back to the start as long as the Delay Time hasn't already expired, during this time OutputLine will be kept Low. If the Delay Time has expired then on the first occasion InputTrigger goes High, then so does OutputLine.
You have a 2Hz Blinky (which stops whilst you do an Input Reset).
And you have a DelayLED for your Diagnostic purposes...
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