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Waste of time synonyms. Top waste of time synonyms (other words for waste of time) are wild-goose chase, downer and labor in vain. Search for synonyms and antonyms
The sentence does not really sound as legalese as it does slightly EFLese-- perhaps they are similar, though. I would guess that 'at all material time' means 'most of the time' or 'during a significant percentage of the total time'. The phrase, no matter how interpreted, however, seems inconsistent with 'constantly'.