VMware NSX
This is expected behavior.
The BFD Probe Interval multiplied by the BFD Declare Dead Multiple allows for the TEPs to wait 12 seconds before declaring a TEP tunnel is down.
However, after this initial 12 second period has expired, the TEPs begin sending out BFD Down packets at an interval of every 1000 ms (1 second) in an attempt to bring the TEP tunnels up as fast as possible. Once the TEP tunnels are re-established, the configured BFD Probe Interval goes into effect again.