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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def _node_tag_update_loop(self):
 """ Update the AWS tags for a cluster periodically. The purpose of this loop is to avoid excessive EC2 calls when a large number of nodes are being launched simultaneously. """

        while True:
            self.tag_cache_update_event.wait()
            self.tag_cache_update_event.clear()

            batch_updates = defaultdict(list)

            with self.tag_cache_lock:
                for node_id, tags in self.tag_cache_pending.items():
                    for x in tags.items():
                        batch_updates[x].append(node_id)
                    self.tag_cache[node_id].update(tags)

                self.tag_cache_pending = {}

            for (k, v), node_ids in batch_updates.items():
                m = "Set tag {}={} on {}".format(k, v, node_ids)
                with LogTimer("AWSNodeProvider: {}".format(m)):
                    if k == TAG_RAY_NODE_NAME:
                        k = "Name"
                    self.ec2.meta.client.create_tags(
                        Resources=node_ids,
                        Tags=[{
                            "Key": k,
                            "Value": v
                        }],
                    )

            self.tag_cache_kill_event.wait(timeout=5)
            if self.tag_cache_kill_event.is_set():
                return