Issue can be observed on Hypershift e2e-powervs CI (reference : https://prow.ci.openshift.org/view/gs/test-platform-results/logs/periodic-ci-openshift-hypershift-release-4.18-periodics-e2e-powervs-ovn/1879800904798965760)

HostedCluster is deployed but still getting incorrect condition for status,"HostedCluster is deploying, upgrading, or reconfiguring)" 

This is happening because of following issue observed on cluster-version

Logs reference : https://gcsweb-ci.apps.ci.l2s4.p1.openshiftapps.com/gcs/test-platform-results/logs/periodic-ci-openshift-hypershift-release-4.18-periodics-e2e-powervs-ovn/1879800904798965760/artifacts/e2e-powervs-ovn/run-e2e/build-log.txt

```
 eventually.go:226:  - incorrect condition: wanted Progressing=False, got Progressing=True: Progressing(HostedCluster is deploying, upgrading, or reconfiguring)
    eventually.go:226:  - wanted HostedCluster to desire image registry.build01.ci.openshift.org/ci-op-cxr9zifq/release@sha256:7e40dc5dace8cb816ce91829517309e3609c7f4f6de061bf12a8b21ee97bb713, got registry.build01.ci.openshift.org/ci-op-cxr9zifq/release@sha256:e17cb3eab53be67097dc9866734202cb0f882afc04b2972c02997d9bc1a6e96b
    eventually.go:103: Failed to get *v1beta1.HostedCluster: client rate limiter Wait returned an error: rate: Wait(n=1) would exceed context deadline
```

    4.18.0

    100%

    1. Create PowerVS hypershift cluster with 4.18.0 release
    2.
    3.
    

    HostedCluster getting deployed but still getting incorrect condition for cluster-version   

    HostedCluster should get deployed successfully with all conditions met

    The issue was first observed on Dec 25, 2024. Currently reproducible on 4.19.0 (reference : https://gcsweb-ci.apps.ci.l2s4.p1.openshiftapps.com/gcs/test-platform-results/logs/periodic-ci-openshift-hypershift-release-4.19-periodics-e2e-aws-multi/1880072687829651456/artifacts/e2e-aws-multi/hypershift-aws-run-e2e-external/build-log.txt)