Wait for host in BaSH

Okay, this one is a little specific, but I recently had this issue and I wanted to share it because knowing this would have saved me one scripting language and a lot of time. I have previously implemented this in PowerShell, but it can easily be done in BaSH as well.

The premise was to setup a new virtual machine and before I could work with the machine I had to wait until it was created and powered up. The installation was done in a pipeline and so there was no interaction. The following script waits until the machine is available and can be pinged and then terminates. This is not a finished solution but a small part of the pipeline that allowed me to continue with the regular installation via SSH after the machine was available.