Quote:
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Time outs in excess of the allotted number may requested and shall be granted during regulation playing time or any extra period at the expense of a technical foul for each.
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(italics mine)
One could argue that these words mean that regulation playing time has expired, and that the New period hasn't started.
Plus 5-12-4 says that a time out shall not granted using the new time out until after the overtime period starts.
If you interpret 5-12-2 the way it appears, then the Case Book ruling seems to make sense.