Document:

exv10w11

Exhibit 10.11

Portions of this exhibit have been omitted pursuant to a request for confidential treatment filed
with the Securities and Exchange Commission. The omissions have been indicated by asterisks
(“*****”), and the omitted text has been filed separately with the Securities and Exchange
Commission.

RESTATED GUARANTY OF LEASE 

     RESTATED
GUARANTY OF LEASE (this “Guaranty”) made as of this
14th day of August, 2008,
by MADISON SQUARE GARDEN, L.P., a Delaware limited partnership, with an address at 2 Penn Plaza,
New York, New York (“Guarantor”), to RCPI LANDMARK PROPERTIES, L.L.C., a Delaware limited
liability company having an address at c/o Tishman Speyer, 45 Rockefeller Plaza, New York, New York
10111 (“Landlord”).

WITNESSETH:

     WHEREAS, Guarantor requested that Landlord enter into an agreement of lease, dated as of
December 4, 1997 (such lease, as modified by First Amendment to Lease dated as of February 19,
1999, Second Amendment to Lease dated as of November 6, 2002 and Third Amendment to Lease dated as
of the date hereof, together with any modifications, amendments, extensions and renewals hereafter,
being collectively called the “Lease”), with Radio City Productions, LLC, as tenant
(“Tenant”), covering space consisting of the Radio City Music Hall and portions of
buildings commonly known as 1270 Avenue of the Americas, New York, New York and 50 Rockefeller
Plaza, New York, New York (the “Premises”);

     WHEREAS, unless otherwise provided herein all terms not defined herein shall have the meanings
given in the Lease;

     WHEREAS, Landlord was not willing to enter into the Lease unless Guarantor guaranteed pursuant
to the Guaranty of Lease dated as of December 4, 1997 from Guarantor to Landlord (the “Original
Guaranty”) (1) the performance by Tenant of all of the terms, covenants, conditions,
obligations and agreements contained in the Lease on the part of Tenant to be performed thereunder,
including, without limitation, the prompt payment when due of all Fixed Rent, Additional Rent, and
all other sums required to be paid by Tenant under the Lease subject only to the limitation on
liability set forth in paragraph 1(b) below, and (2) any liability of Tenant arising out of a
breach of any warranty or representation of Tenant contained in the Surrender Agreement (as
hereinafter defined) (the liabilities and obligations contained in clauses (1) and (2) of this
recital are collectively referred to herein as the “Covenants”);

     WHEREAS, Guarantor and Landlord desire to modify the Original Guaranty; and

     WHEREAS, from and after the date hereof the Original Guaranty is restated in its entirety as
herein provided;

     NOW, THEREFORE, Guarantor agrees with Landlord as follows:

     1. (a) Guarantor unconditionally guarantees to Landlord the prompt, full and faithful
payment, performance and observance of all Covenants; and Guarantor unconditionally covenants to
Landlord that if default or breach shall at any time be made by Tenant in the Covenants, Guarantor
shall well and truly payor perform (or cause to be paid or performed) the

 

 

Covenants and pay all damages and other amounts stipulated in the Lease with respect to the
non-performance of the Covenants, or any of them. Guarantor shall pay to Landlord on demand all
expenses (including, without limitation, reasonable attorneys’ fees and disbursements) of, or
incidental to, or relating to the enforcement or protection of Landlord’s rights hereunder or
Landlord’s rights under the Lease.

          (b) Notwithstanding Section 1(a) above, Guarantor’s liability under this Guaranty
shall not exceed the lesser of (a) the sum of (i) ***** (ii) an amount equal to all Rent and
Additional Rent payable under the Lease for the period commencing on (x) the date on which Tenant
defaults in the payment of Rent due under the Lease or on any of the other Covenants which default
on Tenant’s part remains uncured following the giving of any required notice (except that no such
notice shall be required to the extent Landlord is stayed from giving such notice by the applicable
provisions of the Bankruptcy Code) and the expiration of any applicable grace period so as to
become an Event of Default under the Lease (provided, however, that if Tenant cures such Event of
Default and Landlord accepts such cure, such default shall no longer be deemed to have become an
Event of Default for purposes hereof) and ending on (y) the Surrender Date (as hereafter defined)
assuming, for purposes of this computation only, that Landlord did not elect to terminate the Lease
by reason of such Event of Default, and (iii) all expenses (including reasonable attorneys’ fees
and disbursements) of, or incidental to, or relating to the enforcement or protection of Landlord’s
rights hereunder or (b) the proceeds of a Letter of Credit or cash security posted by Guarantor
pursuant to paragraph 2 below.

     2. (a) Guarantor covenants and agrees that for the Term of the Lease it shall maintain a Net
Worth of not less than ***** and that Guarantor shall deliver or cause to be delivered to Landlord,
as soon as available and in no event later than 90 days after the close of each calendar year
during the Term, annual financial statements for Guarantor prepared in accordance with generally
accepted accounting principles, which shall be certified by an officer of the general partner of
Guarantor and audited by an independent accounting firm which shall be any one of the so-called
“Big Four” accounting firms or any other accounting firm reasonably acceptable to Landlord;
provided, however, that the only effect of the breach of such covenants shall be that such breach
shall constitute an Event of Default under the Lease. Landlord shall have all of its rights
against Guarantor by reason of the occurrence of an Event of Default under the Lease, but shall
have no independent right of action against Guarantor by reason of the breach of the foregoing
covenant.

          (b) Notwithstanding anything in Section 2(a) to the contrary, if as the close of any of
Guarantor’s fiscal quarters during the term of the Lease, Guarantor’s Net Worth shall fail to meet
the requirement set forth in Section 2(a) above (the “Failure”), then within 10 days after
the financial statement for such quarter was completed, Guarantor shall notify Landlord of the
Failure and within 30 days thereafter, Guarantor shall have the right, at Guarantor’s election,
either to deposit with Landlord, in lieu of this Guaranty, (1) a “clean”, unconditional,
irrevocable and transferable letter of credit (the “Letter of Credit”) in the amount of
*****, and in form reasonably satisfactory to Landlord, issued by and drawn on a bank reasonably
satisfactory to Landlord in its sole discretion or which is a member of the New York Clearing House
Association, for the benefit of Landlord, for a term of not less than one year, as security for the
faithful performance and observance by Tenant of the terms, covenants, conditions and provisions of
the Lease; provided that the Letter of Credit shall contain, if commercially obtainable, an
“evergreen” provision, providing that the term of such letter of credit shall automatically be
extended for successive additional periods of one year but not beyond 45 days after the then
Expiration Date unless, not less than 30 days prior to any then pending

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Expiration Date, the bank issuing such Letter of Credit shall give Landlord written notice of
its election not to renew the Letter of Credit at the address provided for in the Lease, and if
Guarantor shall not provide a replacement Letter of Credit within 10 days after such notice from
the issuing bank, in which event Landlord shall have the right to draw under the Letter of Credit
and to retain the proceeds as hereinafter provided or, if such “evergreen provision” is not
commercially obtainable, the Letter of Credit shall provide by its terms that it shall not expire
prior to 45 days after the then Expiration Date, or (2) cash in the amount of ***** which Landlord
shall deposit in a standard interest-bearing security deposit account in a bank located in New York
State, provided that if Guarantor’s Net Worth is less than *****, Tenant shall only have the right
to deposit with Landlord a Letter of Credit in the amount of ***** hereunder. To the extent not
prohibited by law, Landlord shall be entitled to receive and retain as an administrative expense an
amount equal to interest on the cash security at the rate of 0.1% per annum, which amount Landlord
shall have the right to withdraw, at any time and from time to time, as Landlord may determine.
The balance of the interest shall be paid to Guarantor annually. Landlord shall not be required to
credit Guarantor with any interest for any period during which Landlord does not actually receive
interest on the cash security. If an Event of Default or, during the pendency of any bankruptcy or
insolvency proceeding brought by or against Tenant, any monetary default shall occur and be
continuing, Landlord may apply the cash security or draw under the Letter of Credit and apply the
whole or any part of the proceeds thereof toward the payment of any item of rent or additional rent
as to which Tenant is in default. If Tenant shall fully and faithfully comply with all of the
terms, provisions, covenants and conditions of the Lease, the cash security or the Letter of
Credit, as the case may be, shall be returned to
 Guarantor within 45 days after the expiration of
the Lease. If Guarantor shall fail to replace a Letter of Credit that the issuing bank is not
renewing as aforesaid, Landlord may draw under the Letter of Credit and retain the proceeds thereof
as cash security in lieu of the Letter of Credit and apply same as contemplated by this Section 2.
It is expressly understood and agreed that the breach of the covenant set forth in Section 2(a)
hereof shall not be deemed an Event of Default under the Lease unless Guarantor shall have failed
to deliver the cash security or Letter of Credit to Landlord within the time period set forth
herein. Upon delivery of the cash security or Letter of Credit, this Guaranty shall be without
recourse to Guarantor other than against the Letter of Credit and/or cash delivered under this
Section 2.

     3. The liability of Guarantor hereunder shall not be impaired, abated, deferred, diminished,
modified, released, terminated or discharged, in whole or in part, or otherwise affected, by any
event, condition, occurrence, circumstance, proceeding, action or failure to act, with or without
notice to, or the knowledge or consent of, Guarantor, including, without limitation:

          (a) any amendment, modification or extension of the Lease or any Covenant;

          (b) any extension of time for performance, whether in whole or in part, of any Covenant given
prior to or after default thereunder;

          (c) any exchange, surrender or release, in whole or in part, of any security which may be held
by Landlord at any time for or under the Lease;

          (d) any other guaranty now or hereafter executed by Guarantor or anyone else;

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          (e) any waiver of or assertion or enforcement or failure or refusal to assert or enforce, in
whole or in part, any Covenant, claim, cause of action, right or remedy which Landlord may, at any
time, have under the Lease or with respect to any guaranty or any security which may be held by
Landlord at any time for or under the Lease or with respect to Tenant;

          (f) any act or omission or delay to do any act by Landlord which may in any manner or to any
extent vary the risk of Guarantor or which would otherwise operate as a discharge of Guarantor as a
matter of law;

          (g) the release of any other guarantor from liability for the performance or observance of any
Covenant, whether by operation of law or otherwise;

          (h) the failure to give Guarantor any notice whatsoever except to the extent required by the
Lease;

          (i) any right, power or privilege that Landlord may now or hereafter have against any person,
entity or collateral;

          (j) any assignment conveyance, mortgage, merger or other transfer, voluntary or involuntary
(whether by operation of law or otherwise) of all or part of the interest or rights of Landlord
under the Lease.

          (k) any assignment, conveyance, mortgage, merger or other transfer, voluntary or involuntary
(whether by operation of law or otherwise), of all or any part of Tenant’s interest in the Lease
except to the extent expressly provided in the Lease.

          If any agreement between Landlord and Tenant shall extend the time of performance or modify
any of the Covenants, Guarantor shall continue to be liable upon this Guaranty according to the
tenor of the Lease without regard to such agreement except to the extent Guarantor shall consent in
writing to such agreement.

     4. To charge Guarantor under this Guaranty no demand shall be required, Guarantor hereby
expressly waiving any such demand. Landlord shall have the right to enforce this Guaranty without
pursuing any right or remedy of Landlord against Tenant or any other party, or any security
Landlord may hold, it being intended that immediately upon any breach or default by Tenant in the
performance or observance of any Covenant, Guarantor shall be obligated to Landlord as provided in
this Guaranty. Landlord may commence any action or proceeding based upon this Guaranty directly
against Guarantor without making Tenant or anyone else a party defendant in such action or
proceeding. Any one or more successive and/or concurrent actions may be brought hereon against
Guarantor either in the same action, if any, brought against Tenant and/or any other party or in
separate actions, as often as Landlord, in its sole discretion, may deem advisable.

     5. This Guaranty shall be binding upon Guarantor and its successors and permitted assigns, and
shall inure to the benefit of and may be enforced by the successors and assigns of Landlord or by
any party to whom Landlord’s interest in the Lease or any part thereof, including the rents, may be
assigned whether by way of mortgage or otherwise. Wherever in this Guaranty reference is made to
either Landlord or Tenant, the same shall be deemed to refer also to the then successor or assign
of Landlord or Tenant.

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     6. Guarantor hereby expressly waives and releases (a) notice of the acceptance of this
Guaranty and notice of any change in Tenants financial condition; (b) the right to interpose any
substantive or procedural defense of the law of guaranty, indemnification or suretyship, except the
defense of prior payment or prior performance by Tenant or that Tenant has no obligation to pay or
perform (of the obligations which Guarantor is called upon to pay or perform under this Guaranty);
(c) all rights and remedies accorded by applicable law to guarantors or sureties, including without
limitation, any extension of time conferred by any law now or hereafter in effect; (d) the right to
trial by jury, in any action or proceeding of any kind arising on, under, out of, or by reason of
or relating, in any way, to this Guaranty or the interpretation, breach or enforcement thereof; (e)
the right to interpose any defense (except as allowed under (b) above), set off or counterclaim of
any nature or description in any action or proceeding; and (f) any right or claim of right to cause
a marshaling of Tenant’s assets or to cause Landlord to proceed against Tenant and/or any
collateral held by Landlord at any time or in any particular order (except as expressly provided in
Section 3 hereof).

     7. Neither Guarantor’s obligation to make payment in accordance with this Guaranty nor any
remedy for the enforcement thereof shall be impaired, modified, changed, stayed, released or
limited in any manner by any impairment, modification, change, release, limitation or stay of the
liability of Tenant or its estate in bankruptcy or any remedy for the enforcement thereof,
resulting from the operation of any present or future provision of the Bankruptcy Code of the
United States or other statute or from the decision of any court interpreting any of the same, and
Guarantor shall be obligated under this Guaranty as if no such impairment, stay, modification,
change, release or limitation had occurred.

     8. As used herein, the term “Surrender Date” shall mean the date upon which all of the
following shall have occurred: (i) Tenant shall have surrendered to Landlord vacant possession of
the Premises in the condition required under the terms of the Lease, (ii) Landlord shall have
received a surrender agreement in the form annexed as Exhibit A (the “Surrender
Agreement”) duly executed and acknowledged by Tenant and (iii) Landlord shall have received all
keys and combinations to the Premises.

     9. This Guaranty and all rights, obligations and liabilities arising hereunder shall be
construed according to the laws of the State of New York. Guarantor hereby irrevocably agrees that
any legal action, suit or proceeding against Guarantor in connection with this Guaranty or for
recognition or enforcement of any judgment rendered in any such action, suit or proceeding may be
brought in the United States Courts for the Southern District of New York, or in the courts of the
State of New York, as Landlord may elect, and, by execution and delivery of this Lease, Guarantor
hereby irrevocably accepts and submits to the venue and non-exclusive jurisdiction of each of the
aforesaid courts in persona, generally and unconditionally with respect to any such
action, suit, or proceeding for itself and in respect of its property. Guarantor further agrees
that final judgment against Guarantor in any action, suit, or proceeding referred to herein shall
be conclusive and may be enforced in any other jurisdiction, by suit on the judgment, a certified
or exemplified copy of which shall be conclusive evidence of the fact and of the amount of its
indebtedness. Guarantor hereby designates Proskauer Rose Goetz & Mendelson as its agent for
service of process. Such designation may only be changed by written notice to Landlord designating
another law firm having more than 100 lawyers with an office in New York City.

     10. Guarantor hereby waives any and all rights of subrogation (if any) which it may have
against Tenant as a result of actions taken or amounts paid in connection with or relating to this
Guaranty or to the Lease.

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     11. Guarantor represents and warrants to Landlord that as of the date hereof:

          (a) Guarantor has full power, authority and legal right to execute, deliver, perform and
observe this Guaranty, including, without limitation, the payment of all moneys hereunder.

          (b) The execution, delivery and performance by Guarantor of this Guaranty have been duly
authorized by all necessary partnership action.

          (c) This Guaranty constitutes the legal, valid and binding obligation of Guarantor,
enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency,
reorganization, and other laws affecting creditors’ rights generally, to moratorium laws from time
to time in effect and to general principles of equity (regardless of whether enforceability is
considered in a proceeding in equity or at law).

     12. Guarantor shall not merge or consolidate with any other entity or sell all or
substantially all of its assets unless either (a) Guarantor shall be the surviving entity or (b)
contemporaneously with such merger or consolidation or sale, the surviving or purchasing entity
executes and delivers to Landlord a guaranty, substantially in the form and substance of this
Guaranty, together with reasonably satisfactory evidence of the due authorization, execution,
delivery, validity, binding effect and enforceability thereof, but whether or not such execution
and delivery shall take place the surviving or purchasing entity shall be bound by this Guaranty as
if it had so executed and delivered such guaranty.

     13. If Landlord shall be obligated by reason of any bankruptcy, insolvency or other legal
proceeding to payor repay to Tenant or to Guarantor or to any trustee, receiver or other
representative of either of them, any amounts previously paid by Tenant or Guarantor on account of
the Covenants or pursuant to this Guaranty, Guarantor shall reimburse Landlord for any such payment
or repayment and this Guaranty shall extend to the extent of such payment or repayment made by
Landlord, except to the extent, if any, that such payment or repayment is prohibited by law or that
such payment or repayment constitutes merely a reimbursement of any overpayment. Landlord shall
not be required to litigate or otherwise dispute its obligation or make such payment or repayment
if in good faith and on written advice of counsel Landlord believes that such obligation exists.

     14. Landlord and Guarantor shall each, at any time and from time to time, within ten (10)
business days following request by the other, execute, acknowledge and deliver to the other a
statement certifying that this Guaranty is unmodified and in full force and effect (or if there
have been modifications, that the same is in full force and effect as modified and stating such
modifications) and that to the best of the certifying party’s knowledge, Guarantor is not in
default hereunder (or if there is such a default, describing such default in reasonable detail).

     15. All remedies afforded to Landlord by reason of this Guaranty or the Lease, or otherwise
available at law or in equity, are separate and cumulative remedies and no one remedy, whether or
not exercised by Landlord, shall be deemed to be in exclusion of any other remedy available to
Landlord and shall not limit or prejudice any other legal or equitable remedy which Landlord may
have.

     16. If any term, covenant, condition or provision of this Guaranty or the application thereof
to any circumstance or to Guarantor shall be invalid or unenforceable to any extent, the remaining
terms, covenants, conditions and provisions of this Guaranty or the

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application thereof to any circumstances or to Guarantor other than those as to which any
term, covenant, condition or provision is held invalid or unenforceable, shall not be affected
thereby and each remaining term, covenant, condition and provision of this Guaranty shall be valid
and shall be enforceable to the fullest extent permitted by law.

     17. Any notice hereunder shall be in writing and personally delivered or sent by certified or
registered mail, return receipt requested to Landlord or Guarantor at their respective addresses
hereinabove set forth (to the attention of their respective General Counsel) or such other address
designated by Landlord or Guarantor by 10 days prior notice. Any notice shall be deemed given as
of the date of delivery as indicated by affidavit in case of personal delivery or by the return
receipt in the case of mailing; and in the event of failure to deliver by reason of changed address
of which no notice is given or refusal to accept delivery, as of the date of such failure as
indicated by affidavit or return receipt as aforesaid.

     18. Each reference to the Guaranty in the Lease shall be deemed to mean and refer to the
Original Guaranty as restated hereby.

     IN WITNESS WHEREOF, Guarantor has executed this Restated Guaranty of Lease as of the day and
year first above written.

	 	 	 	 	 
	 	 	MADISON SQUARE GARDEN, L.P.
	 
	 	 	 	 
	 

	 	By:	 	/s/ Lucinda Treat
	 

	 	 	 	 
	 

	 	Name:	 	Lucinda Treat
	 

	 	Title:
	 	Executive Vice President

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EXHIBIT
A

SURRENDER AGREEMENT 

     THIS SURRENDER AGREEMENT, made as of the       day of                           ,       between RCPI LANDMARK
PROPERTIES, L.L.C., a Delaware limited liability
company having an office at c/o Tishman Speyer Properties, L.P., 45 Rockefeller Plaza, New York,
New York 10111 (“Landlord”) and Radio City Properties, LLC, a Delaware limited liability
company with an office at 1260 Avenue of the Americas, New York, New
York 10019 (“Tenant”).

W I T N E S S E T H:

     WHEREAS, by Agreement of Lease, dated as of December 4, 1997 (as
the same has heretofore been amended, the “Lease”) between Landlord and Tenant, Landlord
did demise and let unto Tenant, and Tenant did hire and take from Radio City Music Hall and
portions of the buildings commonly known as 1270 Avenue of the Americas and 50 Rockefeller Plaza
New York (the “Premises”); and

     WHEREAS, Tenant desires to surrender the Premises effective upon the date this Agreement and
all keys and combinations to the Premises are delivered to Landlord (such date being hereinafter
referred to as the “Surrender Date”), upon the terms and conditions hereinafter set forth;

     NOW, THEREFORE, in consideration of the mutual covenants and conditions contained herein, and
other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Landlord and Tenant do hereby agree as follows:

     1. Surrender of Premises. Effective as of the Surrender Date, Tenant hereby surrenders
to Landlord all of Tenant’s right, title and interest in and to the

A-1

 

Premises and the Lease, together with all alterations, installations, additions and improvements
in and to said Premises (in the manner provided for in the Lease), to the intent and purpose that
the estate of Tenant in and to the Premises shall be wholly extinguished as of the Surrender Date.

     2. Representations. Tenant hereby warrants and represents to Landlord that nothing
has been done or suffered by Tenant whereby the Lease, the Premises or the estate of Tenant in and
to said Premises or any part thereof, has been encumbered in any way whatsoever; Tenant has good
right to surrender the same; and that no one other than Tenant has acquired through or under
Tenant any right, title or interest in and to the Lease or the term and estate thereby granted or
in and to all or any part of the Premises covered by the Lease including, without limitation, all
alterations, installations, additions, and improvements in and to the Premises.

     3. Brokerage. Tenant further warrants and represents to Landlord that it has not
dealt with any real estate agent or broker in connection with this Agreement and/or the Premises
and that this Agreement was not brought about or procured through the use or instrumentality of
any agent or broker. Tenant covenants and agrees to indemnify and hold Landlord harmless from and
against any and all claims for commissions and other compensation made by any agent or agents
and/or any broker or brokers based on any dealings between Tenant and any agent or agents and/or
broker or brokers, together with all costs and expenses incurred by Landlord in resisting such
claims (including, without limitation, attorneys’ fees).

     4. Continuing Liability. The delivery of this Agreement to Landlord shall not affect
any liability or obligation of Tenant under the Lease and shall not be

A-2

 

construed to diminish, limit or otherwise reduce any liability or obligation that Tenant would
otherwise have under the Lease if this Agreement were never delivered to Landlord.

     5. Successors and Assigns. The covenants, conditions, provisions
and agreements contained in this Agreement shall bind Tenant, its permitted successors
and assigns and inure to the benefit of Landlord and its successors and assigns.

     6. No Oral Modifications. This Agreement may not be changed,
modified or canceled orally and shall inure to the benefit of and be binding upon the
parties hereto, their successors, legal representatives and assigns.

     7. Survival. The provisions of this Agreement shall survive the
termination of the Lease.

     IN WITNESS WHEREOF, the parties have executed this Surrender Agreement as of the day and year
first above written.

	 	 	 	 	 
	 	LANDLORD:

RCPI LANDMARK PROPERTIES, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 	 	 
	 	TENANT:

RADIO CITY PRODUCTIONS LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

A-3exv10w12

Exhibit 10.12

Portions of this exhibit have been omitted pursuant to a request for confidential treatment filed with
the Securities and Exchange Commission. The omissions have been indicated by asterisks (“*****”), and the omitted
text has been filed separately with the Securities and Exchange Commission.

MADISON SQUARE GARDEN, L.P.

TWO PENN PLAZA

NEW YORK, NEW YORK 10121

 ___, 2009

CSC Holdings, Inc.

1111 Stewart Avenue

Bethpage, New York 11714

Ladies and Gentlemen:

     This will confirm the agreement (the “Agreement”) by and between CSC Holdings, Inc.
(“Affiliate”) and Madison Square Garden, L.P. (“Network”) for the carriage of the Services (as
defined below) by certain cable television systems at least majority owned, controlled and managed
by Affiliate and/or any entity controlling, controlled by or under common control with Affiliate.

     1. SYSTEMS: The Agreement will apply (i) to each of the “cable systems” as defined in
applicable federal communications law, which are in each case set forth on Schedule A and
at least majority owned, controlled and managed by Affiliate (each, a “System”) and (ii) in the
local service areas set forth in Schedule A (each, a “Service Area”). Affiliate represents and
warrants that (a) Affiliate is duly authorized by all federal, state and local government
authorities and agencies as are necessary or appropriate to conduct its business and operate the
Systems and shall continue to be so authorized throughout the License Period (as hereinafter
defined), (b) each System has obtained, and shall maintain in full force during the License Period,
such federal, state and local authorizations as are necessary or appropriate to operate such
System, (c) each System is in compliance with, and will comply with, all applicable laws,
including, without limitation, any statute, rule, regulation, order or decree of any governmental
body, and (d) as clarification, Affiliate will not transmit, or permit the transmission of, the
Services over the Internet (including, without limitation, the World Wide Web). Without limiting
the foregoing, Affiliate shall have obtained for each System for each Service Area, before
commencing distribution of the Services over such System in such Service Area (or earlier as
required under applicable law), a valid cable franchise (specifically identifying and authorizing
each such Service Area, to the extent required under applicable law) from the appropriate
governmental franchising authority (which may include a local municipality or a state or federal
franchising authority) for the construction and operation of a cable system throughout such
System’s Service Area. Solely for purposes of the immediately preceding sentence, a certificate of
authority

 

 

obtained by Affiliate pursuant to the Conn. Pub. Act No. 07-253 shall be deemed a valid cable
franchise. *****

     2. LICENSE PERIOD: Each System will be licensed to receive the Services and shall
distribute the Services to Subscribers of such System in accordance with this Agreement at all
times during the period beginning as of January 1, 2010 and ending on ***** (the “License Period”).
Affiliate shall cause each System to carry the Services throughout the License Period pursuant to
the terms and conditions of this Agreement.

     3. DEFINITIONS: The following terms will have the following meanings when used in
this Agreement:

          (a) “Service” shall mean each of the twenty-four hours per day, seven days per week
satellite-delivered standard-definition programming services currently known as “MSG Plus” and “MSG
Network”, as the case may be (such services are hereinafter collectively referred to as the
“Services”).

          (b) “Service Subscriber” shall mean each Subscriber who is authorized to receive the Services
from a System. *****

          (c) “Subscriber” shall mean each residence (including, without limitation, each individual
dwelling in each multiple dwelling, whether an apartment building, cooperative or condominium),
each commercial or business establishment and each hotel, motel or other establishment providing
temporary residence (e.g. hospitals, nursing homes) that subscribes to any television service from
any System.

     4. CARRIAGE:

          (a) Affiliate will cause each System to provide the Services throughout the License Period as
part of such System’s *****.

          (b) Affiliate will exhibit the Services in each System in its entirety when and as delivered
by Network (including, without limitation, any openings, closings, interstitial programming,
advertisements or sponsorships). *****

          (c) (i) Affiliate shall take all actions under its control to employ, maintain and upgrade
such reasonable security systems and procedures (including maintenance of access control systems)
consistent with customary cable television industry practice and as are necessary to effectively
protect the programming contained on each Service and all materials related thereto from theft,
pirating, unauthorized receipt or access, redistribution, unauthorized copying or duplication,
including without limitation by fully encrypting the signal of each Service utilizing encryption
technology commonly used in the domestic cable television industry. Without limiting the
foregoing, Affiliate will take all reasonable action under its control and consistent

2

 

with customary industry practice to protect the transmission, distribution and/or exhibition
of all or any part of the programming contained on each Service through any digital outputs or any
outputs of enhanced resolution analog signal on any set-top box that has digital outputs (e.g. any
analog signal of image quality higher than 345,600 pixels per frame) by an effective content
control/copy management system that prohibits the unauthorized transmission, distribution,
exhibition, copying, recording, redistribution and/or transcription of all of any part of the
program contained on the Service (a “Copy Protection System”) for that particular output. With
regard to any Copy Protection System, Affiliate shall take the steps required by that system (if
any) to protect the programming contained on each Service in accordance with the Network’s
reasonable instructions and consistent with customary cable television industry practice.

               (ii) Affiliate shall not, and shall not authorize any other person to, copy, tape, or
otherwise reproduce any part of either Service without Network’s prior written authorization.
Neither Affiliate nor any person distributing the Services in accordance herewith shall be
responsible or liable for the recording of all or any part of the Services by Service Subscribers
for their private, non-commercial use. In addition, nothing in this Paragraph 4(c) shall be deemed
to prohibit the recording by Affiliate’s Subscribers for their private, non-commercial use, or to
prevent Affiliate from hooking up, installing or providing its Subscribers’ videocassette recorders
or other similar recording devices and/or technologies, including but not limited to digital video
recorders.

               (iii) Network and Affiliate shall cooperate in good faith with respect to any material or
information embedded by Network that is designed to prevent unauthorized copying or distribution of
the programming contained on either Service.

          (d) Network and Affiliate acknowledge that there is potentially excess signal distribution
capacity contained within the vertical blanking interval (“VBI”) of each Service’s signal as
received at each System. Without the prior written consent of Affiliate, Network shall not use any
portion of this potentially excess VBI signal distribution bandwidth, except that Network may use
the VBI for stereo, a second audio feed, closed captioning, V-chip program ratings information, any
other data or information that the Federal Communications Commission (“FCC”) or other applicable
federal, state or local law or regulation requires Network or Affiliate to transmit as part of a
Service at any time within the bandwidth of the signal of a Service, or Affiliate test signals.
Affiliate’s Systems may exercise and exploit any distribution capacity contained within the
bandwidth of the signal (including the VBI) by any means and in any locations in its discretion,
provided however, such use by Affiliate or any System shall be a discrete use, separate and apart
from the Services, and shall not (i) degrade (other than in an immaterial respect) the technical
quality of the video and accompanying audio signal for the programming on either Service or (ii)
adversely

3

 

disrupt or degrade (other than in an immaterial respect) the viewing experience of either
Service.

          (e) The Services will be sold, marketed, promoted and identified by Affiliate solely as “MSG
Plus” (or “MSG+”) and “MSG Network”, as the case may be, and under no other name unless otherwise
designated in writing by Network.

          (f) Network shall, at its own expense, deliver a signal of each Service, of a technical
quality at least comparable to that delivered by other cable television programming services to
Affiliate, by transmitting such signal by means of a domestic video communications satellite (or
such other method as is mutually agreed by the parties) and shall, at its own expense, fully encode
the satellite signal of each Service, and shall authorize all System descramblers and other
reception facilities and equipment furnished by Affiliate necessary to receive and descramble the
satellite transmission of each Service signal and to deliver such signal to Service Subscribers.
Except as otherwise provided herein (including pursuant to sub-sections (g) and (h) below), as
between Affiliate and Network, Affiliate shall, at its sole expense, furnish an earth station and
all other facilities and services necessary for the receipt of such satellite transmission and the
delivery of such signal to the Service Subscribers. Network hereby grants Affiliate the right to
receive the feed of each Service, to digitize, compress, modify or otherwise technologically
manipulate the feed (including the creation of a dual digital feed in addition to any analog feed
of each Service), and to transmit the feed(s) as so altered and which shall be encrypted by
Affiliate (the “Altered Feeds”) for distribution to terrestrial reception sites capable of
receiving and utilizing the Altered Feeds and delivering such Altered Feeds to the System(s);
provided that no such alteration, transmission, redistribution, reception or other use will
cause any perceptible change in an average viewer’s perception of the principal video or principal
audio presentation of the Services using commercially available consumer electronics equipment.

          (g) In the event Network elects to change the satellite used for delivery of the Services,
Network shall provide Affiliate with at least ninety (90) days prior written notice of such change.
If as a result of such change Affiliate would have to incur incremental out-of-pocket expenses
in order to receive and distribute the Services, then Affiliate may as its sole recourse
discontinue distribution of the Services in any affected System as of the date of such change
unless Network agrees promptly to reimburse such System for such System’s incremental expenses to
acquire and install equipment necessary for such System to receive the signal of the Services from
such new satellite. Such reimbursement shall be for the Services’ pro rata share of such expenses,
with the Services to share expenses equally with any other programming services that are
participating in such change and are carried by such System.

          (h) In the event Network changes its encryption technology, Network shall use reasonable
efforts to provide Affiliate with at least ninety (90) days prior

4

 

written notice of such change. If the new encryption technology is not compatible with a
System’s then-existing descrambling equipment, then Affiliate may as its sole recourse discontinue
distribution of the Services in any affected System as of the date of such change unless Network
agrees promptly to reimburse such System for such System’s incremental out-of-pocket costs and
expenses to acquire and install the equipment necessary for such System to descramble the signal of
the Services subsequent to such change. Such reimbursement shall be for the Services’ pro rata
share of such expenses, with the Services to share expenses equally with any other programming
services that also use the new encryption technology and are carried by such System.

          (i) Network shall provide Affiliate with an average of at least ***** of commercial
announcement time per hour of programming in which national advertising spots are inserted,
allocated on a reasonably even basis among the advertising spots inserted by Network. Such
commercial announcement time shall be scheduled by Network, at Network’s sole discretion with
reasonable advance written notice to Affiliate, and shall be used, at Affiliate’s option, for
insertion of national or local advertising and announcements. As between Network and Affiliate,
Affiliate shall have the right to retain for itself all of the proceeds derived from the sale of
the commercial announcement time furnished to Affiliate hereunder.
***** Each use by Affiliate of the advertising
time made available hereunder shall comply with Network’s standard policies and restrictions
applicable to all Service distributors (as noticed to Affiliate in writing) and to Network.

     5. PAYMENT:

          (a) Affiliate will pay Network monthly, within forty-five (45) days after the end of each
calendar month during the License Period:

               (i) for each residence that is a Service Subscriber, *****; and

               (ii) subject to (b)(ii) below, for each commercial or business establishment that is a Service
Subscriber (each, a “Commercial Subscriber”), *****.

          (b) (i) Subject to (b)(ii) below, Affiliate shall pay the applicable rate set forth in
Paragraph 5(a)(i) for each room susceptible of overnight occupancy (each, a “Unit”) in each hotel,
motel or other establishment providing temporary residence that is a Service Subscriber.

               (ii) Notwithstanding anything set forth herein to the contrary, for any multiple dwelling,
hotel, motel or other establishment providing temporary residence and/or commercial establishment
for which any System charges a monthly

5

 

bulk rate rather than a per household or per Unit rate for the tier of television services
that includes the Services (each, a “Bulk Account”), the applicable monthly rate, pursuant to
Paragraph 5(a) above payable with respect to each Unit (or individual household with respect to a
Bulk Account that is a multiple dwelling) of such Bulk Account, shall be discounted in a manner
consistent with past practice.

          (c) Affiliate shall provide to Network all information necessary for Network to verify the
accuracy of each payment hereunder, including without limitation the number, both across Systems
and for each System, of Subscribers, Broadcast Basic Subscribers and Service Subscribers, and the
applicable monthly rate, and such other information as Network may from time to time reasonably
request. For all purposes of this Agreement, all Subscriber numbers for any calendar month shall
be based upon the sum of the number of Subscribers as of the first day of such calendar month plus
the number of Subscribers as of the last day of such calendar month, divided by two. *****

          (d) Network shall have reasonable and customary audit rights, and shall be permitted to audit
the books and records of Affiliate relating to the performance of Affiliate’s obligations hereunder
no more than once per calendar year during normal business hours, on at least thirty (30) days
advance notice. Any audit shall be undertaken by an independent third party, which shall be a
nationally recognized cable auditing firm, provided that such independent third party agrees to be
bound by the confidentiality provisions substantially similar to those contained in Section 8(b)
below. Audits shall be limited to books and records of the then current year and the two
immediately preceding calendar years. If Network audits Affiliate’s books and records hereunder,
Network must make any claim against Affiliate alleging any underpayment of fees under this
Agreement with respect to the audited period within six (6) months after Network receives the
applicable audit report; if the claim is not made within such time period, Network shall be deemed
to have waived its right to collect any shortfall amounts determined by such audit to be due and
owing from Affiliate for the period(s) audited. Affiliate shall, at Network’s option, reimburse
Network for all reasonable, third party costs and expenses of any such audit which reveals an
underpayment by Affiliate that is not the subject of a bona fide dispute for the period audited of
more than ***** of the amount properly payable by Affiliate to Network hereunder for such period.

          (e) Any amount not paid by Affiliate hereunder when due shall, at Network’s option, accrue
interest from the due date at the lesser of (i) one and one-half percent (11/2%) per month (ii) the
maximum rate permitted by law.

          (f) *****

          (g) (i) *****

6

 

               (ii) *****

     6. MARKETING:

          (a) Commencing promptly after the effective date hereof, Affiliate shall promote, market and
sell the Services and its services as a distributor of television programming services within the
Service Area(s). In connection therewith, Affiliate shall promote and market the Services in a
similar manner as other program services that are included in the tier of television service of
which the Services are a part, taking into account any additional consideration Affiliate receives
from the owners of such other programming services specifically for the promotion and marketing
thereof.

          (b) *****

     7. *****

     8. REPRESENTATIONS AND WARRANTIES/INDEMNIFICATIONS:

          (a) Mutual Representations, Warranties and Covenants. Each of the parties represents,
warrants and covenants to the other that: (i) it has the right and will continue to have the right
during the License Period, to enter into and perform fully its respective obligations under this
Agreement; (ii) it has not and will not during the License Period enter into an agreement or
arrangement which limits the full performance of its obligations hereunder; and (iii) it is and
will remain in full compliance with all applicable Federal, state and local laws and regulations
applicable to the subject matter of this Agreement. Each of Affiliate and Network agrees to
provide statements, records and other documents reasonably necessary to the other party to
demonstrate its compliance with applicable FCC closed captioning requirements and Children’s
Television Regulations as and when reasonably requested in writing.

          (b) Network Additional Representations, Warranties and Covenants. Network represents,
warrants and covenants that (i) the programming contained in the Services, and the advertising and
promotional materials provided by Network to Affiliate and the logos and marks associated with the
Services, will not be defamatory and will not contain any material which violates any copyright,
trademark, right of privacy, right of publicity or literary or dramatic right of any person or
entity; (ii) it will be fully responsible for obtaining, maintaining during the Term, and fully
complying with a through-to-the-viewer music performance license with respect to all music
contained in the Services that is sufficient to permit Affiliate’s distribution of the Services as
permitted hereunder; and (iii) each Service complies, and will continue to comply, in all material
respects with (A) the commercial matter limitations of the Children’s Television Act of 1990,
Public Law 101-437 (October 18, 1990) and the

7

 

regulations of the FCC promulgated thereunder, as the same may be amended from time to time
(“Children’s Television Regulations”), (B) all applicable cablecasting origination regulations of
the FCC, including, but not limited to, political equal time, personal attack, lotteries and
sponsorship identification, as the same may be amended from time to time (“Origination
Requirements”), and (C) all FCC closed captioning requirements pursuant to all applicable laws and
regulations.

          (c) Indemnification. The parties shall indemnify and hold each other, their respective parent
and affiliated entities and the officers, directors and employees of all of the foregoing harmless
from and against any and all claims, damages, liabilities, costs and expenses (including reasonable
attorneys’ fees and related costs) (“Claims”) arising out of the breach or alleged breach of any
representation, warranty or undertaking made by the indemnifying party. Network shall further
indemnify and hold Affiliate harmless from and against any and all Claims arising out of (i) the
content of its Services, including but not limited to the extent that such Claims are based upon
libel, slander, defamation, invasion of the right of privacy, or violation or infringement of
copyright (including use of marks) arising out of the content of such Services or based on
violations by such Services of literary or dramatic rights; (ii) Network’s advertising and
marketing of the Services, or (iii) any other materials, including advertising or promotional copy,
supplied or permitted in writing by Network; provided that Network shall not be responsible for any
Claims which arise out of or relate to any marketing materials relating to a Service prepared by
Affiliate without Network’s prior written consent or to Affiliate’s use of any commercial or
promotional announcement time on a Service made available to Affiliate pursuant to this Agreement,
as to which Claims Affiliate shall indemnify and hold Network and its related parties harmless.

     9. MISCELLANEOUS:

          (a) Affiliate acknowledges that Network’s service marks, trademarks, trade names and logos
(“Network Marks”) are Network’s exclusive property and that Affiliate will not acquire any
proprietary rights in the Network Marks by reason of this Agreement. Affiliate shall not use any
Network Mark in a manner that constitutes an endorsement and shall use the Network Marks only to
refer to a Service and in the form supplied or approved by Network. Affiliate shall not use any
programming or related trade or service marks without the prior written consent of Network.

          (b) Affiliate and Network shall each keep secret and retain in the strictest confidence and
shall not disclose to any third party any of the terms of this Agreement, as well as any
confidential information shared in the course of performance hereunder (including, without
limitation, Affiliate’s subscriber reports) (collectively, “Confidential Information”) except as
required by law, and Network may disclose the terms of this Agreement to any prospective purchaser
of a direct or indirect interest in Network or the assets of Network. Notwithstanding the
foregoing, neither party shall

8

 

be obligated to treat as confidential any information, including the terms of this Agreement,
disclosed by the other party (the “Disclosing Party”) which: (1) is rightfully known to the
recipient (the “Receiving Party”) prior to its disclosure by the Disclosing Party; (2) is
independently developed by the Receiving Party without any reliance on confidential or proprietary
information of the Disclosing Party, including without limitation the terms of this Agreement; or
(3) is or later becomes publicly available without violation of this Agreement or may be lawfully
obtained by the Receiving Party from any nonparty. Furthermore, disclosure may be made if required
by court order or a government agency, in which case any Confidential Information disclosed shall
be marked “confidential”; and the Disclosing Party shall use its best reasonable efforts to ensure
that the Confidential Information is covered by a protective order or otherwise receives
confidential treatment, and the Disclosing Party shall promptly notify the other of its intent to
disclose such Confidential Information prior to such disclosure.

          (c) This Agreement may not be amended nor any provision waived except in writing signed by the
parties hereto. This Agreement contains the full understanding of the parties with respect to the
subject matter hereof and supersedes any and all previous agreements between the parties. Each
party acknowledges that it is entering into this Agreement in reliance only upon the provisions
herein set forth, and not upon any representation, warranty, covenant, agreement, obligation or
other consideration not set forth herein.

          (d) This Agreement is subject to and limited by Network’s agreements with, and the rules,
regulations and agreements of, any league, association, individual athletic team or other program
supplier, as such agreements, rules or regulations may from time to time be amended, modified,
supplemented, entered into, interpreted, enacted, performed or enforced. This Agreement shall
expire if delivery of a Service by Network is permanently discontinued.  

          (e) Neither Network nor Affiliate shall have any liability to the other with respect to any
failure to perform any of its obligations hereunder if such failure is due to an act of God or
other cause (financial inability excepted) beyond such party’s reasonable control (a “Force Majeure
Event”). In addition, in the event of a failure by Network to furnish the Services signal due to
an event other than a Force Majeure Event, Affiliate’s obligation to make payment under this
Agreement for such System shall be reduced by the same percentage, if any, by which Affiliate’s
total billings for the Services in such System are reduced for the applicable month during which
any such failure occurred and by reason of such failure.

          (f) Any recourse of Affiliate against Network shall extend only to Network and not to any of
Network’s partners or members.

          (g) Facsimile signatures shall be deemed original for all purposes. This Agreement may be
executed in counterparts all of which when taken together shall be

9

 

deemed to constitute one and the same instrument.

          (h) The submission of this Agreement to Affiliate or its agent or attorney for review or
signature does not constitute an offer to Affiliate. This Agreement shall have no binding force or
effect until its execution by both parties hereto.

          (i) THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS MADE AND WHOLLY PERFORMED THEREIN WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

If you are in agreement with the foregoing, please sign this letter in the space indicated below.

	 	 	 	 	 
	 	 	Sincerely,
	 
	 	 	 	 
	 	 	MADISON SQUARE GARDEN, L.P.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 	 	Date signed:

ACCEPTED AND AGREED:

CSC HOLDINGS, INC.

	 	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:
	 	 	 	 
	Date signed:	 	 

10

 

SCHEDULE A

SYSTEM(S)

	 	 	 
	 	 	GEOGRAPHIC BOUNDARIES OF
	NAME(S) OF SYSTEM(S)	 	SERVICE AREA(S)
	VTV Long Island – Hauppauge, NY

Brookhaven, NY

Riverhead, NY

East Hampton, NY

Lynbrook, NY

Long Island, NY

Westchester - Yonkers, NY

Cross River, NY

Dutchess/Dover Plains, NY

Port Chester, NY

Yorktown Heights, NY

So. Westchester, NY

Norwalk, CT

Bridgeport, CT

Litchfield, CT

New York City, NY

Wappinger Falls, NY

Wappinger Falls (Dutchess), NY

Ossining, NY

Oakland, NJ

Paterson, NJ

Warwick, NY/NJ

Rockland, NY/NJ

Ramapo, NY/NJ

Port Jervis, NY/NJ/PA

Bergen, NJ

Bayonne, NJ

Newark, NJ

Hudson County, NJ

Elizabeth, NJ

Morris, NJ

Allamuchy, NJ

Monmouth – Freehold, Wall, Ocean, Asbury, Millstone, Jackson, Seaside, Lakewood, NJ

Hamilton, NJ

Raritan Valley -Tri-System, NJ

	 	The geographic areas currently
served by such
Systems1  

 

1     Upon request of Network, Affiliate will confirm such areas in writing to Network

 

 

SCHEDULE B

 

*****

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