Wait for Folder to Exist

This option is similar to the Wait for File to Exist command. It instructs the macro to wait until a specific folder has been created or exists on the computer before continuing.

Script Editor > Expand Timing Category > Wait for Folder to Exist

Foldername

Insert the entire folder path and drive information or click on the Browse button to locate the folder.

Wait Indefinitely 

With this option checked, the macro does not resume until the Wait For action specified has occurred. 

Wait at most

With this option checked, the macro waits the number of  hours, minutes and seconds specified for the Wait For action to occur. If that action does not take place within the specified time frame, the macro takes the action selected in the On Error tab.