The passive repository is continually reading the transaction log from the active repository, and updating itself to mirror what has occurred. If a failover happens, it is designed to already have synchronized itself with the active repository, so no data should be lost.
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Note that by default the failover timeout is 5 mins
(This means that if the active repo goes down, the passive repo doesnt become active for 5 mins)
So, there maybe a little bit of noticeable downtime..
All the best