Compare two time values possible in KM?

You will need to convert each video time value into a numeric total seconds, and then make the comparison using a KM If Then Else action, something like this:

set time1 to [convert video time 1 to total seconds]
set time2 to [convert video time 2 to total seconds]

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To convert video time to total seconds, see:
MACRO: Add or Subtract SMPTE TimeCode Strings [Example]

This macro contains a script that does the conversion from SMPTE time to total seconds (or total frames).

Questions?