MATLAB/Simulink is a widely-used industrial tool for the development of complex embedded systems. However, due to the complexity and the dynamic character of the developed models, their analysis is a difficult challenge, in particular if timing aspects are involved. In this paper, we present an approach for the construction of timed path conditions for MATLAB/Simulink models. Timed path conditions allow for fine-grained conclusions about the existence of possibly critical paths through a model containing time-dependent elements. With the help of timed path conditions, it is possible to identify interference and non-interference between model parts. Furthermore, they have the potential to reduce the complexity of models to improve verifiability, reason about compliance with security policies as well as generate feasible, efficient test cases. We demonstrate the applicability of our approach with a shared buffer for public as well as confidential data.