Ordered that the order is reversed, on the law, with costs, the motion is denied, and the judgment dated August 4, 1999, is reinstated.
A defendant seeking to vacate a judgment entered upon its default in appearing or answering the complaint must demonstrate both a reasonable excuse for the default and the existence of a meritorious defense (see, CPLR 5015 [a] [1]; FGB Realty Advisors v Norm-Rick Realty Corp.,
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