[bash] While loop to test if a file exists in bash

Like @zane-hooper, I've had a similar problem on NFS. On parallel / distributed filesystems the lag between you creating a file on one machine and the other machine "seeing" it can be very large, so I could wait up to a full minute after the creation of the file before the while loop exits (and there also is an aftereffect of it "seeing" an already deleted file).

This creates the illusion that the script "doesn't work", while in fact it is the filesystem that is dropping the ball.

This took me a while to figure out, hope it saves somebody some time.

PS This also causes an annoying number of "Stale file handler" errors.