Is It Possible To Raise An Event When A File Becomes Accessible?

Public Sub WriteToFile(ByVal FilePath As String, ByVal FileName As String, ByVal Data() As Byte)
        Dim FileOpen As Boolean
        Dim File As System.IO.FileStream = Nothing
        Dim StartTime As DateTime
        Dim MaxWaitSeconds As Integer = 120

        StartTime = DateTime.Now

        FileOpen = False

        Do
            Try
                File = New System.IO.FileStream(FilePath & FileName, IO.FileMode.Append)
                FileOpen = True

            Catch ex As Exception

                If DateTime.Now.Subtract(StartTime).TotalSeconds > MaxWaitSeconds Then
                    Throw New Exception("Waited more than " & MaxWaitSeconds & " To Open File.")
                Else
                    Dim FileWatch As System.IO.FileSystemWatcher

                    FileWatch = New System.IO.FileSystemWatcher(FilePath, FileName)
                    FileWatch.WaitForChanged(IO.WatcherChangeTypes.Changed,5000)
                End If

                FileOpen = False

            End Try

        Loop While Not FileOpen

        If FileOpen Then
            File.Write(Data, 0, Data.Length)
            File.Close()
        End If
    End Sub

using (var watcher = new FileSystemWatcher(MatlabPath, fileName))
{
    var wait = new EventWaitHandle(false, EventResetMode.AutoReset);
    watcher.EnableRaisingEvents = true;
    watcher.Changed += delegate(object sender, FileSystemEventArgs e)
    {
       wait.Set();
    };
    if (!wait.WaitOne(MillissecondsTimeout))
    {
        throw new TimeoutException();
    }
 }