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Typically if Marketo expects to have downtime (e.g. forms will not be available) for one of the monthly releases, it will be noted in the Release Notification that is sent to all users.
You can also find out about Marketo system uptime here: trust.marketo.com – Marketo.com.
Thanks for your reply. Is there any REST API error code to notify other integrated system that Marketo is down instead of time out error.