A timer object created with Libertas_TimerNew().
Timer is always one-off. When timeout is reached, the callback is called, the timer is then automatically cancelled as if Libertas_TimerCancel is called.
Both active timer and cancelled timer can be reused by calling Libertas_TimerUpdate. Always try to reuse instead of creating new timers.
Timer API is reactive API. Timers are driven by Libertas_WaitReactive. Never mix imperative and reactive API within same thread.
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Cancels a timer and release all related resources.