EX-10.1



 Exhibit 10.1 
  

FIRST AMENDMENT TO CREDIT AGREEMENT 

THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of August 13, 2014, by and among RENTECH
NITROGEN PARTNERS, L.P., a Delaware limited partnership (“Partnership”), RENTECH NITROGEN FINANCE CORPORATION, a Delaware corporation (“RNFC”; and together with Partnership, the “Borrowers” and each
individually as a “Borrower”), RENTECH NITROGEN, LLC, a Delaware limited liability company (“RNLLC”), RENTECH NITROGEN PASADENA, LLC, a Delaware limited liability company (“RNPLLC”), and RENTECH
NITROGEN PASADENA HOLDINGS, LLC, a Delaware limited liability company (“RNPH” and, collectively together with RNLLC and RNPLLC, the “Subsidiary Guarantors” and each individually as a “Subsidiary
Guarantor”), the lenders signatory hereto (each individually a “Lender” and collectively the “Lenders”), and GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (in its individual capacity,
“GE Capital”), as agent (in such capacity, “Agent”) for the Lenders. 
 RECITALS 

A. Borrowers, Subsidiary Guarantors, Lenders and Agent have entered into that certain Credit Agreement dated as of July 22, 2014 (the
“Credit Agreement”), pursuant to which Agent and Lenders are providing loans and other financial accommodations to or for the benefit of Borrower and Guarantor upon the terms and conditions contained therein. Unless otherwise
defined herein, capitalized terms or matters of construction defined or established in Article XI to the Credit Agreement shall be applied herein as defined or established therein. 

B. Borrowers and Subsidiary Guarantors have requested that Agent and Lenders amend the Credit Agreement, and Agent and Lenders are willing to
do so subject to the terms and conditions of this Amendment. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the continued performance by each Credit Party of its respective promises and obligations under the Credit
Agreement and the other Loan Documents, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Credit Parties, Lenders, and Agent hereby agree as follows: 

1. Ratification and Incorporation of Credit Agreement and Other Loan Documents; Additional Acknowledgements. Except as expressly
modified under this Amendment, (a) each Credit Party hereby acknowledges, confirms, and ratifies all of the terms and conditions set forth in, and all of its respective obligations under, the Credit Agreement and the other Loan Documents, and
(b) all of the terms and conditions set forth in the Credit Agreement and the other Loan Documents are incorporated herein by this reference as if set forth in full herein. Each Credit Party hereby reaffirms the granting of all Liens previously
granted pursuant to the Loan Documents to secure all Obligations (as such term is defined in the Credit Agreement as modified hereby). 

  

					
		 		  	FIRST AMENDMENT









 2. Amendments to the Credit Agreement. The Credit Agreement is hereby amended as follows
(and all section references in this Section 2 shall, unless the context otherwise requires, be references to sections of the Credit Agreement): 

(a) Section 4.1(b) of the Credit Agreement is hereby deleted in its entirety and replaced with the following in
lieu thereof: 
 “(b) within (i) with respect to the Fiscal Quarter ending June 30, 2014, sixty (60) days after the
end of such Fiscal Quarter and (ii) forty-five (45) days after the end of each Fiscal Quarter thereafter, a copy of the quarterly report filed by Partnership with the Securities and Exchange Commission in accordance with the Exchange Act
which includes a copy of the consolidated and consolidating financial information regarding Partnership and its Subsidiaries, including (x) unaudited balance sheets as of the close of such Fiscal Quarter and the related statements of income and
cash flow for that portion of the Fiscal Year ending as of the close of such Fiscal Quarter and (y) unaudited statements of income and cash flows for such Fiscal Quarter, in each case setting forth in comparative form the figures for the
corresponding period in the prior year, all prepared in accordance with GAAP (subject to normal year-end adjustments); and” 
 3.
Conditions to Effectiveness. The effectiveness of this Amendment is subject to satisfaction of each of the following conditions: 

(a) receipt by Agent of this Amendment duly executed by each Credit Party, Agent and each Lender; and 

(b) after giving effect to this Amendment, the absence of any Defaults or Events of Default as of the date hereof. 

4. Entire Agreement. This Amendment, together with the Credit Agreement and the other Loan Documents, is the entire agreement between
the parties hereto with respect to the subject matter hereof. This Amendment supersedes all prior and contemporaneous oral and written agreements and discussions with respect to the subject matter hereof. 

5. Representations and Warranties. Each Credit Party hereby represents and warrants that the representations and warranties contained
in the Credit Agreement, except to the extent that (a) a particular representation or warranty by its terms expressly applies only to an earlier date or (b) any Credit Party, as applicable, has previously advised Agent in writing of a
particular representation or warranty as not being or which will not be true and correct as of the date hereof (as contemplated under the Credit Agreement), are true and correct in all material respects as of the date hereof. 

6. Miscellaneous. 

(a) Costs and Expenses. Each Credit Party reaffirms its obligations to pay, in accordance with the terms of
Section 9.5 of the Credit Agreement, all costs and expenses of Agent and Lenders in connection with the preparation, negotiation, execution and delivery of this Amendment and all other Loan Documents entered into in connection herewith,
including the reasonable fees and disbursements of McDermott Will & Emery LLP, counsel for Agent with respect thereto. 

(b) Counterparts. This Amendment may be executed in identical counterpart copies, each of which shall be an original,
but all of which shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by either (i) facsimile transmission or (ii) electronic transmission in either Tagged Image Format
Files (TIFF) or Portable Document Format (PDF), shall be effective as delivery of a manually executed counterpart thereof. 

  

					
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 (c) Headings. Section headings used herein are for convenience of
reference only, are not part of this Amendment, and are not to be taken into consideration in interpreting this Amendment. 

(d) Recitals. The recitals set forth at the beginning of this Amendment are true and correct, and such recitals are
incorporated into and are a part of this Amendment. 
 (e) Effect. Upon the effectiveness of this Amendment, from and
after the date hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” or words of like import shall mean and be a reference to the Credit Agreement as amended hereby and each
reference in the other Loan Documents to the Credit Agreement, “thereunder,” “thereof,” or words of like import shall mean and be a reference to the Credit Agreement as amended hereby. 

(f) No Novation. The execution, delivery, and effectiveness of this Amendment shall not (i) except as expressly
provided in this Amendment, (A) limit, impair, constitute a waiver of, or otherwise affect any right, power, or remedy of Agent or any Lender under the Credit Agreement or any other Loan Document or (B) constitute a waiver of any provision
in the Credit Agreement or in any of the other Loan Documents or (ii) except as expressly provided in this Amendment, alter, modify, amend, or in any way affect any of the terms, conditions, obligations, covenants, or agreements contained in
the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. 

(g) Conflict of Terms. In the event of any inconsistency between the provisions of this Amendment and any provision of
the Credit Agreement, the terms and provisions of this Amendment shall govern and control. 
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BLANK] 

  

					
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 IN WITNESS WHEREOF, this First Amendment to Credit Agreement has been duly executed as of the
date first written above. 
  

									
	BORROWERS:	 		 	
			
	RENTECH NITROGEN PARTNERS, L.P.	 		 	RENTECH NITROGEN FINANCE CORPORATION
					
	By:	 	/s/ Dan. J. Cohrs	 		 	By:	  	/s/ Dan. J. Cohrs
	Name: Dan J. Cohrs	 		 	Name: Dan J. Cohrs
	Title: Chief Financial Officer	 		 	Title: Treasurer
			
	SUBSIDIARY GUARANTORS:	 		 	
			
	RENTECH NITROGEN PASADENA, LLC	 		 	RENTECH NITROGEN PASADENA HOLDINGS, LLC
					
	By:	 	/s/ Dan. J. Cohrs	 		 	By:	  	/s/ Dan. J. Cohrs
	Name: Dan J. Cohrs	 		 	Name: Dan J. Cohrs
	Title: Treasurer	 		 	Title: Treasurer
			
	RENTECH NITROGEN, LLC	 		 	
				
	By:	 	/s/ Dan. J. Cohrs	 		 	
	Name: Dan J. Cohrs	 		 	
	Title: Treasurer	 		 	
			
	AGENT AND LENDER:	 		 	
			
	GENERAL ELECTRIC CAPITAL CORPORATION	 		 	
				
	By:	 	/s/ Justin Grimm	 		 	
	Name:	 	Justin Grimm	 		 		  	
		 	Duly Authorized Signatory	 		 	


  

					
		 		  	FIRST AMENDMENT