System.Net.ConnectionPool.AsyncThread C# (CSharp) Method

        private void AsyncThread() {
            do {
                while (m_QueuedRequests.Count > 0) {
                    bool continueLoop = true;
                    AsyncConnectionPoolRequest asyncState = null;
                    lock (m_QueuedRequests) {
                        asyncState = (AsyncConnectionPoolRequest) m_QueuedRequests.Dequeue();
                    }

                    WaitHandle [] localWaitHandles = m_WaitHandles;
                    PooledStream PooledStream = null;
                    try {
                        while ((PooledStream == null) && continueLoop) {
                            int result = WaitHandle.WaitAny(localWaitHandles, asyncState.CreationTimeout, false);
                            PooledStream =
                                Get(asyncState.OwningObject, result, ref continueLoop, ref localWaitHandles);
                        }

                        PooledStream.Activate(asyncState.OwningObject, asyncState.AsyncCallback);
                    } catch (Exception e) {
                        if(PooledStream != null){
                            PooledStream.Close();
                            PutConnection(PooledStream,asyncState.OwningObject,asyncState.CreationTimeout);
                        }
                        asyncState.AsyncCallback(asyncState.OwningObject, e);
                    } catch {
                        if(PooledStream != null){
                            PooledStream.Close();
                            PutConnection(PooledStream,asyncState.OwningObject,asyncState.CreationTimeout);
                        }
                        asyncState.AsyncCallback(asyncState.OwningObject, new Exception(SR.GetString(SR.net_nonClsCompliantException)));
                    }
                }
                Thread.Sleep(500);
                lock(m_QueuedRequests) {
                    if (m_QueuedRequests.Count == 0) {
                        m_AsyncThread = null;
                        break;
                    }
                }
            } while (true);
        }