Exhibit 10.1

EXECUTION VERSION

AMENDMENT NO. 1 TO THE

CREDIT AGREEMENT

Dated as of April 15, 2011

AMENDMENT NO. 1 TO THE CREDIT AGREEMENT (the “Amendment”) among MADISON SQUARE
GARDEN, L.P., a Delaware limited partnership (the “Company”), the Guarantors (as
defined in the Credit Agreement (as defined below)), the banks, financial
institutions and other institutional lenders parties to the Credit Agreement
referred to below (collectively, the “Lenders”) and JPMORGAN CHASE BANK,
NATIONAL ASSOCIATION, as agent (the “Administrative Agent”) for the Lenders.

PRELIMINARY STATEMENTS:

(1) The Company, the Guarantors, the Lenders and the Administrative Agent have
entered into that certain Credit Agreement dated as of January 28, 2010 (as
amended, supplemented or otherwise modified through the date hereof, the “Credit
Agreement”). Capitalized terms not otherwise defined in this Amendment have the
same meanings as specified in the Credit Agreement.

(2) The Company and the Required Lenders have agreed to amend the Credit
Agreement as hereinafter set forth.

SECTION 1. Amendments to Credit Agreement. The Credit Agreement is, effective as
of the date hereof and subject to the satisfaction of the conditions precedent
set forth in Section 2, hereby amended so that Section 7.14(x) thereof is
amended in full to read as follows:

“(x) Indebtedness of the Company and its Restricted Subsidiaries in respect of
Capitalized Lease Obligations in an aggregate principal amount not to exceed
$25,000,000 at any time outstanding.”

SECTION 2. Conditions of Effectiveness. This Amendment shall become effective as
of the date first above written when each of the conditions precedent set forth
below in this Section 2 shall be satisfied:

(a) the Administrative Agent shall have received counterparts of this Amendment
executed by the Company, the Guarantors and the Required Lenders or, as to any
of the Lenders, advice satisfactory to the Administrative Agent that such Lender
has executed this Amendment, and

(b) (i) as of the date first above written, no Default or Event of Default shall
have occurred and be continuing or would result from the Amendment; and (ii) the
representations and warranties of the Company and each other Loan Party in
Article VI of the Credit Agreement shall be true and correct, in all material
respects, on and as of the date first above written with the

 

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same force and effect as if made on and as of the date first above written,
except to the extent that such representations and warranties expressly relate
to an earlier date, in which case they shall be true and correct, in all
material respects, as of such earlier date, and except that the representations
and warranties contained in Section 6.04(a) and (b) of the Credit Agreement
shall be deemed to refer to the most recent statements furnished pursuant to
Section 7.01(a) and (b) of the Credit Agreement, respectively.

SECTION 3. Reference to and Effect on the Credit Agreement and the Loan
Documents. (a) On and after the effectiveness of this Amendment, each reference
in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of
like import referring to the Credit Agreement, and each reference in the Notes
to “the Credit Agreement”, “thereunder”, “thereof” or words of like import
referring to the Credit Agreement, shall mean and be a reference to the Credit
Agreement, as amended by this Amendment.

(b) The Credit Agreement, as specifically amended by this Amendment, is and
shall continue to be in full force and effect and is hereby in all respects
ratified and confirmed.

(c) The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or
remedy of any Lender or the Administrative Agent under the Credit Agreement, nor
constitute a waiver of any provision of the Credit Agreement.

SECTION 4. Consent and Affirmation of the Guarantors. Each Guarantor (prior to,
and after giving effect to, this Amendment) hereby consents to the amendment of
the Credit Agreement effected hereby and confirms and agrees that
(a) notwithstanding the effectiveness of this Amendment, the Credit Agreement
(including the Guaranty therein) and the other Loan Documents are, and shall
continue to be, in full force and effect and are hereby ratified and confirmed
in all respects, except that, on and after the effectiveness of this Amendment,
each reference in the Credit Agreement or any other Loan Document to the “Credit
Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a
reference to the Credit Agreement, as amended by this Amendment, and (b) the
Collateral Documents to which such Guarantor is a party and all of the
Collateral described therein do, and shall continue to, secure the payment of
all of the Obligations. For greater certainty and without limiting the
foregoing, each Guarantor hereby confirms that the existing security interests
granted by such Guarantor in favor of the Secured Parties pursuant to the Loan
Documents in the Collateral described therein shall continue to secure the
obligations of such Guarantor under the Loan Documents

SECTION 5. Costs, Expenses. The Company agrees to pay on demand all reasonable
out-of-pocket expenses of the Administrative Agent in connection with the
preparation, execution, delivery and administration, modification and amendment
of this Amendment and the other instruments and documents to be delivered
hereunder (including, without limitation, the reasonable fees and expenses of
counsel for the Administrative Agent) in accordance with the terms of
Section 10.04 of the Credit Agreement.

SECTION 6. Execution in Counterparts. This Amendment may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute but one and the same agreement. Delivery
of an executed counterpart of a signature

 

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page to this Amendment by telecopier shall be effective as delivery of a
manually executed counterpart of this Amendment.

SECTION 7. Governing Law. This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their respective officers thereunto duly authorized, as of the date first
above written.

 

MADISON SQUARE GARDEN, L.P.

By: MSG EDEN CORPORATION, as its General Partner By:  

/s/ Bob Lynn

Name:   Bob Lynn Title:   SVP, Treasury & Investor Relations FUSE HOLDINGS LLC,
FUSE NETWORKS LLC, GARDEN PROGRAMMING, L.L.C., MADISON SQUARE GARDEN CT, LLC,
MSG BOSTON THEATRICAL, L.L.C., MSG CHICAGO LLC, MSG NATIONAL PROPERTIES LLC, MSG
VAUDEVILLE, LLC, MSG WINTER PRODUCTIONS, LLC, RADIO CITY PRODUCTIONS LLC,
SPORTSCHANNEL ASSOCIATES, THE 31st STREET COMPANY, L.L.C., and

THE GRAND TOUR, LLC,

as Guarantors

By: MSG EDEN CORPORATION, as the General Partner of Madison Square Garden, L.P.
By:  

/s/ Bob Lynn

Name:   Bob Lynn Title:   SVP, Treasury & Investor Relations

FUSE PROGRAMMING, INC.,

as Guarantor

By:  

/s/ Bob Lynn

Name:   Bob Lynn Title:   SVP, Treasury & Investor Relations

 

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JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent and as a
Lender By  

/s/ John Kowalczuk

  Name: John G. Kowalczuk   Title:   Executive Director

 

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Bank of America, N.A., as a Lender

By  

/s/ Michael Makaitis

  Name: Michael Makaitis   Title:   Vice President

 

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BARCLAYS BANK PLC, as a Lender By  

/s/ Diane Rolfe

  Name: Diane Rolfe   Title:   Director

 

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Citibank, N.A. By  

/s/ Laura Fogarty

  Name: Laura Fogarty   Title:   Vice President

 

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH By  

/s/ Doreen Barr

  

/s/ Vipul Dhadda

  Name: Doreen Barr    Name: Vipul Dhadda   Title:   Director    Title:
  Associate

 

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GOLDMAN SACHS BANK USA By  

/s/ Gabriela Giacomin

  Name: Gabriela Giacomin   Title:   Authorized Signatory

 

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Morgan Stanley Bank, N.A., as a Lender By:  

/s/ Sharon Bazbaz

  Name: Sharon Bazbaz   Title:   Authorized Signatory

 

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The Royal Bank of Scotland plc, as a Lender By  

/s/ Alex Daw

  Name: Alex Daw   Title:   Director

 

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SUNTRUST BANK, as a Lender By  

/s/ Michael Vegh

  Name: Michael Vegh   Title:   Director

 

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UBS Loan Finance LLC, as a Lender By  

/s/ Irja R. Otsa

  Name: Irja R. Otsa   Title:   Associate Director By  

/s/ Mary E. Evans

  Name: Mary E. Evans   Title:   Associate Director

 

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U.S. BANK NATIONAL ASSOCIATION, as a
Lender By  

/s/ Gail F. Scannell

  Name: Gail F. Scannell   Title:   Senior Vice President

 

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