Document:

<PAGE>
                                                                    EXHIBIT 10.1

        FIRST AMENDMENT TO CREDIT AGREEMENT AND RATIFICATION OF GUARANTY

         THIS FIRST AMENDMENT TO CREDIT AGREEMENT AND RATIFICATION OF GUARANTY
(this "First Amendment"), dated as of November 30, 2001, among Gaylord
Entertainment Company, a Delaware corporation ("Borrower"), Opryland
Hotel-Florida Limited Partnership ("Co-Borrower"), the undersigned guarantors
(each a "Guarantor and collectively, the "Guarantors"), Bankers Trust Company
("Administrative Agent"), and Bankers Trust Company, Citicorp Real Estate, Inc.
and CIBC Inc. (collectively, the "Lenders");

                                  WITNESSETH:

                  WHEREAS, Borrower, Co-Borrower, the Administrative Agent and
the Lenders entered into that certain Credit Agreement dated as of October 9,
2001 (the "Credit Agreement");

                  WHEREAS, Borrower, Co-Borrower and the Lenders desire to
amend the Credit Agreement as set forth in this First Amendment.

                  NOW, THEREFORE, in consideration of the foregoing, and for
other valuable consideration the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be legally bound, agree as
follows:

         1.       Schedule 2 of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

                                   SCHEDULE 2

                                  COMMITMENTS

<TABLE>
<CAPTION>
                         LENDER                       COMMITMENT
                 --------------------------         --------------
                 <S>                                <C>
                 Bankers Trust Company              $77,714,286.00

                 Citicorp Real Estate, Inc.         $77,714,286.00

                 CIBC Inc.                          $48,571,428.00
</TABLE>

         2.       The address of Bankers Trust Company, as Administrative Agent
and Lender, is hereby amended to read as follows:

                           31 West 52nd Street, 7th Floor
                           Mail Stop NYC01-0701
                           New York, NY  10019
                           Tel.: (646) 324-2112
                           Fax: (646) 324-7450
                           Attention: George R. Reynolds

         3.       The address of Citicorp Real Estate, Inc. is hereby amended
to read as follows:

<PAGE>

                           390 Greenwich Street
                           New York, New York 10013
                           Attention: David Hirsh

         4.       As amended hereby, the Credit Agreement remains in full force
and effect and is hereby ratified and confirmed in all respects, it being
understood that the Administrative Agent and the Lenders hereby expressly
reserve all of their rights and remedies under the Credit Agreement, as amended
hereby, including, without limitation, their rights and remedies under Section
2.20.4 thereof with respect to any Out of Balance Condition (as defined
therein) that may exist by reason of this First Amendment.

         5.       By signing below, each of the Guarantors (as defined in the
Credit Agreement) (a) acknowledges, consents and agrees to the execution and
delivery by Borrower and Co-Borrower of this First Amendment; (b) ratifies and
confirms its obligations under the Guaranty (as defined in the Credit
Agreement), which remains unmodified and in full force and effect; (c)
acknowledges and agrees that its obligations under the Guaranty are not
released, diminished, waived, modified, impaired or affected in any manner by
this First Amendment; (d) represents and warrants that it has received and
reviewed this First Amendment; and (e) acknowledges and agrees that it has no
claims or offsets against, or defenses or counterclaims to, the Guaranty as a
result of this First Amendment or otherwise.

         6.       This First Amendment may not be amended, modified or
otherwise changed in any manner except by a writing executed by all of the
parties hereto.

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

         8.       This First Amendment may be signed in any number of
counterparts by the parties hereto, all of which taken together shall
constitute one and the same instrument.

                      [SIGNATURE PAGES FOLLOW IMMEDIATELY]

                                       2

<PAGE>

         IN WITNESS WHEREOF, Borrower, Co-Borrower, Administrative Agent,
Lenders and Guarantors have executed this First Amendment as of the date first
above written.

                                       BORROWER:

                                       GAYLORD ENTERTAINMENT COMPANY

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       CO-BORROWER:

                                       OPRYLAND HOTEL - FLORIDA
                                       LIMITED PARTNERSHIP, a Florida limited
                                       partnership

                                       By: Opryland Hospitality, LLC, its
                                           general partner

                                       By: Gaylord Entertainment Company, its
                                           sole member

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       3

<PAGE>

                                       LENDERS:

                                       BANKERS TRUST COMPANY, Individually
                                       and as Administrative Agent

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       CITICORP REAL ESTATE, INC.

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       CIBC INC.

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       GUARANTORS:

                                       COUNTRY MUSIC TELEVISION
                                       INTERNATIONAL, INC., a Delaware
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       ACUFF-ROSE MUSIC PUBLISHING, INC.,
                                       a Tennessee corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       4

<PAGE>

                                       ACUFF-ROSE MUSIC, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       GAYLORD CREATIVE GROUP, INC., a
                                       Delaware corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       GAYLORD PROGRAM SERVICES, INC., a
                                       Delaware corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       WILDHORSE SALOON ENTERTAINMENT
                                       VENTURES, INC., a Tennessee corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       5

<PAGE>

                                       OPRYLAND HOSPITALITY, LLC, a
                                       Tennessee limited liability company

                                       By: Gaylord Entertainment Company, a
                                           Delaware Corporation, its sole member

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       MILENE MUSIC, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       SPRINGHOUSE MUSIC, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       OPRYLAND THEATRICALS, INC., a
                                       Delaware corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       6

<PAGE>

                                       OPRYLAND HOTEL-TEXAS, LIMITED
                                       PARTNERSHIP, a Delaware limited
                                       partnership

                                       By: Opryland Hospitality, LLC, its
                                           general partner

                                           By: Gaylord Entertainment Company,
                                               its sole member

                                           By:
                                              ----------------------------------
                                              Name:
                                                   -----------------------------
                                              Title:
                                                    ----------------------------

                                       OPRYLAND HOTEL-TEXAS, LLC, a Delaware
                                       limited liability company

                                       By: Gaylord Entertainment Company, its
                                           sole member

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       OPRYLAND PRODUCTIONS, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       OPRYLAND ATTRACTIONS, INC., a Delaware
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       7

<PAGE>

                                       HICKORY RECORDS, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                -------------------------------

                                       CORPORATE MAGIC, INC., a Texas
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       CCK, INC., a Texas corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       GAYLORD INVESTMENTS, INC., a Delaware
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       GRAND OLE OPRY TOURS, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       8<PAGE>
                                                                    EXHIBIT 10.2

       SECOND AMENDMENT TO CREDIT AGREEMENT AND RATIFICATION OF GUARANTY

         THIS SECOND AMENDMENT TO CREDIT AGREEMENT AND RATIFICATION OF GUARANTY
(this "Second Amendment"), dated as of December 31, 2001, among Gaylord
Entertainment Company, a Delaware corporation ("Borrower"), Opryland
Hotel-Florida Limited Partnership ("Co-Borrower"), the undersigned guarantors
(each a "Guarantor and collectively, the "Guarantors"), Bankers Trust Company
("Administrative Agent"), and Bankers Trust Company, Citicorp Real Estate, Inc.
and CIBC Inc. (collectively, the "Lenders");

                                  WITNESSETH:

                  WHEREAS, Borrower, Co-Borrower, the Administrative Agent and
the Lenders entered into that certain Credit Agreement dated as of October 9,
2001, as amended by First Amendment to Credit Agreement and Ratification of
Guaranty (the "First Amendment") dated as of November 30, 2001 (as so amended,
the "Credit Agreement");

                  WHEREAS, Borrower, Co-Borrower and the Lenders desire to
amend the Credit Agreement as set forth in this Second Amendment.

                  NOW, THEREFORE, in consideration of the foregoing, and for
other valuable consideration the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be legally bound, agree as
follows:

         1.       In Section 6.25.4(a) of the Credit Agreement, the "Maximum
Ratio of Consolidated Indebtedness to Consolidated EBITDA" for the "Fiscal
Quarter ending December 31, 2001" is hereby increased from "6.25 to 1.0" to
"6.6 to 1.0".

         2.       As amended hereby, the Credit Agreement remains in full force
and effect and is hereby ratified and confirmed in all respects, it being
understood that the Administrative Agent and the Lenders hereby expressly
reserve all of their rights and remedies under the Credit Agreement, as amended
hereby, including, without limitation, their rights and remedies under Section
2.20.4 thereof with respect to any Out of Balance Condition (as defined
therein) that may exist by reason of the First Amendment.

         3.       By signing below, each of the Guarantors (as defined in the
Credit Agreement) (a) acknowledges, consents and agrees to the execution and
delivery by Borrower and Co-Borrower of this Second Amendment; (b) ratifies and
confirms its obligations under the Guaranty (as defined in the Credit
Agreement), which remains unmodified and in full force and effect; (c)
acknowledges and agrees that its obligations under the Guaranty are not
released, diminished, waived, modified, impaired or affected in any manner by
this Second Amendment; (d) represents and warrants that it has received and
reviewed this Second Amendment; and (e) acknowledges and agrees that it has no
claims or offsets against, or defenses or counterclaims to, the Guaranty as a
result of this Second Amendment or otherwise.

         4.       This Second Amendment may not be amended, modified or
otherwise changed in any manner except by a writing executed by all of the
parties hereto.

                                       1
<PAGE>

         5.       This Second Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.

         6.       This Second Amendment may be signed in any number of
counterparts by the parties hereto, all of which taken together shall
constitute one and the same instrument.

                      [SIGNATURE PAGES FOLLOW IMMEDIATELY]

                                       2

<PAGE>

         IN WITNESS WHEREOF, Borrower, Co-Borrower, Administrative Agent,
Lenders and Guarantors have executed this Second Amendment as of the date first
above written.

                                       BORROWER:

                                       GAYLORD ENTERTAINMENT COMPANY

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       CO-BORROWER:

                                       OPRYLAND HOTEL - FLORIDA
                                       LIMITED PARTNERSHIP, a Florida limited
                                       partnership

                                       By: Opryland Hospitality, LLC, its
                                           general partner

                                       By: Gaylord Entertainment Company, its
                                           sole member

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       3

<PAGE>

                                       LENDERS:

                                       BANKERS TRUST COMPANY, Individually
                                       and as Administrative Agent

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       CITICORP REAL ESTATE, INC.

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       CIBC INC.

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       GUARANTORS:

                                       COUNTRY MUSIC TELEVISION
                                       INTERNATIONAL, INC., a Delaware
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       ACUFF-ROSE MUSIC PUBLISHING, INC.,
                                       a Tennessee corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       4

<PAGE>

                                       ACUFF-ROSE MUSIC, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       GAYLORD CREATIVE GROUP, INC., a
                                       Delaware corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       GAYLORD PROGRAM SERVICES, INC., a
                                       Delaware corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       WILDHORSE SALOON ENTERTAINMENT
                                       VENTURES, INC., a Tennessee corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       5

<PAGE>

                                       OPRYLAND HOSPITALITY, LLC, a
                                       Tennessee limited liability company

                                       By: Gaylord Entertainment Company, a
                                           Delaware Corporation, its sole member

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       MILENE MUSIC, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       SPRINGHOUSE MUSIC, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       OPRYLAND THEATRICALS, INC., a
                                       Delaware corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       6

<PAGE>

                                       OPRYLAND HOTEL-TEXAS, LIMITED
                                       PARTNERSHIP, a Delaware limited
                                       partnership

                                       By: Opryland Hospitality, LLC, its
                                           general partner

                                           By: Gaylord Entertainment Company,
                                               its sole member

                                           By:
                                              ----------------------------------
                                              Name:
                                                   -----------------------------
                                              Title:
                                                    ----------------------------

                                       OPRYLAND HOTEL-TEXAS, LLC, a Delaware
                                       limited liability company

                                       By: Gaylord Entertainment Company, its
                                           sole member

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       OPRYLAND PRODUCTIONS, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       OPRYLAND ATTRACTIONS, INC., a Delaware
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       7

<PAGE>

                                       HICKORY RECORDS, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       CORPORATE MAGIC, INC., a Texas
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       CCK, INC., a Texas corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       GAYLORD INVESTMENTS, INC., a Delaware
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       GRAND OLE OPRY TOURS, INC., a Tennessee
                                       corporation

                                       By:
                                          --------------------------------------
                                          Name:
                                               ---------------------------------
                                          Title:
                                                --------------------------------

                                       8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]