Document:

Commitment Letter

 Exhibit 10.29 

 

					
	

	 		  	 General Electric Capital Corporation
  

101 California Street
 Suite 1500

San Francisco, CA 94111
 USA

 
 T (415) 277-7403

 October 13, 2011 
 Rentech Energy Midwest Corporation 
 10877 Wilshire Blvd #600 

Los Angeles, CA 90024-4364 
  

															
	Attention:	 	 Mr. D. Hunt Ramsbottom
 Mr. Dan J. Cohrs
	  		  		  		  		  	

 Gentlemen: 

General Electric Capital Corporation (“GE Capital” or the “Agent”), is pleased to provide its commitment to provide
(directly and/or through one or more of its direct or indirect subsidiaries) a $25,000,000 senior secured revolving credit facility, with a letter of credit subfacility in an amount of up to $2,500,000 (the “Revolving Credit
Facility”), to Rentech Nitrogen, LLC (the “Company”), a Delaware limited liability company that will be the successor-in-interest to Rentech Energy Midwest Corporation (“REMC”), to provide for ongoing
working capital needs and expenses relating to the Revolving Credit Facility on the terms and conditions set forth herein and in the attached Summary of Indicative Terms and Conditions of even date herewith (the “Senior Secured Term
Sheet”). The Senior Secured Term Sheet, together with this letter, hereinafter are referred to as the “Commitment Letter.” 
 Agent shall act as the administrative agent with respect to the Revolving Credit Facility and the Lead Arranger (defined below) shall act as the sole lead arranger and sole bookrunner with respect to the
Revolving Credit Facility. Company and REMC (each hereinafter referred to as “you”) each agrees that, without the prior written consent of Agent (i) no additional agents, co-agents, co-arrangers or co-bookrunners shall be appointed,
or other titles conferred to any person or entity, in respect of the Revolving Credit Facility, and (ii) no other Lender under the Revolving Credit Facility shall receive any compensation of any kind for its participation in the Revolving
Credit Facility. 
 You agree to pay all reasonable costs and out-of-pocket expenses incurred in connection with the diligence,
syndication, preparation, negotiation, execution, and enforcement of this Commitment Letter and the documentation for the Revolving Credit Facility (the “Revolving Credit Facility Documentation”), regardless of whether such
Revolving Credit Facility Documentation is executed, including without limitation, the legal fees of counsel to Agent and GE Capital Markets, Inc. (the “Lead Arranger”), plus actual out-of-pocket expenses in connection with the
conduct of GE’s field audit. 
 You further agree to indemnify and hold harmless the Agent, all other agents under the Revolving
Credit Facility, the Lead Arranger, their affiliates, and their officers, directors, employees, agents 

 
and attorneys (each an “Indemnified Party”) against any and all losses, claims, damages, costs, expenses (including reasonable fees, time charges and expenses of attorneys) or
liabilities of every kind whatsoever (collectively, the “Indemnified Obligations”) to which any of the Indemnified Parties may become subject in connection with this Commitment Letter, except that neither Company nor REMC shall be
liable for any Indemnified Obligations of any Indemnified Party to the extent any of the foregoing is determined by a court of competent jurisdiction to have arisen from the gross negligence or willful misconduct of such Indemnified Party. The
Indemnified Obligations will continue notwithstanding any termination of this Commitment Letter. 
 You agree, on behalf of
yourself and your affiliates, that all information (including but not limited to projections) provided by or on behalf of you and your and affiliates to Agent or the Lead Arranger in connection with the Revolving Credit Facility may be disseminated
by or on behalf of Agent or the Lead Arranger, as the case may be, and made available, to prospective Lenders and other persons, who have agreed to be bound by customary confidentiality undertakings (including, “click-through” agreements),
all in accordance with the Lead Arranger’s standard loan syndication practices (whether transmitted electronically by means of a website, e-mail or otherwise, or made available orally or in writing, including at prospective Lender or other
meetings). You hereby further authorize the Lead Arranger to download copies of Borrower’s and its affiliates logos from their respective websites and post copies thereof on an Intralinks® or similar workspace and use such logos on any confidential information memoranda, presentations and marketing and other materials prepared in connection with the
potential syndication of the Revolving Credit Facility. 
 This Commitment Letter shall not be assignable by you without the prior written
consent of us (and any purported assignment without such consent shall be null and void), and is intended to be solely for the benefit of the parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any
person other than the parties hereto and the Indemnified Parties. Agent may transfer and assign its commitment hereunder, in whole or in part, to any of its affiliates or to any prospective Lender in connection with the potential syndication of the
Revolving Credit Facility or otherwise. Upon such assignment, Agent shall be released from the portion of its commitment hereunder that has been so transferred and assigned. 
 You agree that in any action arising in connection with this Commitment Letter or any transaction contemplated hereby the only damages that may be sought from Agent, all other agents and Lenders under the
Revolving Credit Facility, Lead Arranger or any of their affiliates or any Indemnified Party are those which are direct and reasonably foreseeable as the probable result of any breach hereof. The Agent, all other agents and Lenders under the
Revolving Credit Facility, the Lead Arranger and their affiliates shall not be liable under this Commitment Letter or any Revolving Credit Facility Documentation or in respect of any act, omission or event relating to the transaction contemplated
hereby or thereby, on any theory of liability, for any special, indirect, exemplary, consequential or punitive damages. 
 This Commitment
Letter is for Company’s confidential use only and may not be disclosed by you to any person other than its respective employees, attorneys and financial advisors (but not commercial lenders) and then only in connection with the proposed
transaction and on a confidential basis, except where in the reasonable judgment of the Company or REMC, disclosure is required by law or where the Agent’s consent to the proposed disclosure is provided. Agent reserves the right to review and
approve, in advance, all materials, press releases, advertisements, and disclosures that you or your affiliates prepare that contain Agent’s or any affiliate’s name or describe Agent’s financing commitment. 

 The Senior Secured Term Sheet is intended to be indicative of the principal terms of the Revolving Credit
Facility and does not purport to specify all of the terms, conditions, representations and warranties, covenants and other provisions that will be contained in the final Revolving Credit Facility Documentation. 

If this Commitment Letter or any act, omission or event hereunder becomes the subject of a dispute, each of the undersigned hereby waives trial by
jury. You hereby consent and agree that the state or federal courts located in New York County, State of New York shall have exclusive jurisdiction to hear and determine any claims pertaining to this Commitment Letter or any transaction relating
hereto, any other financing related thereto, and any investigation, litigation or proceeding related to or arising out of any such matters, provided that the parties acknowledge that any appeals from those courts may have to be heard by a court
located outside of such jurisdiction. You hereby expressly submit and consent in advance to such jurisdiction in any action or suit commenced in any such court, and hereby waive any objection which any of them may have based on lack of personal
jurisdiction, improper venue or inconvenient forum. This Commitment Letter shall be governed by and shall be construed in accordance with the laws of the State of New York applicable to contracts made and performed in that state. 

This Commitment Letter supersede all prior discussions, writings, indications of interest and proposals with respect to the Revolving Credit Facility
previously delivered to you or your affiliates by Agent or any of its affiliates. Please indicate your acceptance of this commitment and return a signed copy of this Commitment Letter to Agent. This commitment and the agreements of the Lead Arranger
herein will expire at 5:00 p.m., Pacific time, on October 17, 2011, unless on or prior to such time Agent shall have received (a) a copy of this Commitment Letter executed by you, and (b) payment of the $187,500 commitment fee in
immediately available funds. Notwithstanding acceptance of this Commitment Letter and satisfaction of the other conditions precedent to the effectiveness of this Commitment Letter, the commitment and the agreements of the Lead Arranger herein will
automatically terminate unless definitive Revolving Credit Facility Documentation is executed on or before November 15, 2011. Upon expiration or termination of the commitment contained herein, Agent, Lead Arranger and their affiliates shall
have no liability or obligation hereunder. Termination of this commitment shall not affect your and REMC’s obligations hereunder, including to pay any fees, costs or expenses provided for herein or in any other agreements entered into between
Agent and you and/or REMC. 
 We hereby notify you that pursuant to the requirements of the USA PATRIOT Act, Title III of Pub. L. 107-56 (signed
into law October 26, 2001) (the “PATRIOT Act”), each Lender may be required to obtain, verify and record information that identifies you, which information includes the name, address, tax identification number and other
information regarding Company that will allow such Lender to identify you in accordance with the PATRIOT Act. This notice is given in accordance with the requirements of the PATRIOT Act and is effective as to each Lender. 

 We look forward to working with you and your management team on this transaction. 

Sincerely, 
 GENERAL ELECTRIC CAPITAL
CORPORATION 
  
 /s/ Scott J. Lorimer 

 
 By:    Scott J.
Lorimer 
 Title:    Duly Authorized Signatory 

 
  
  

 
  
  

 
  
 ACCEPTED
AND AGREED 
 RENTECH ENERGY MIDWEST CORPORATION 
  

 

							
	By:	 		  	/s/ Dan J. Cohrs	  	
				
	Its:	 		  	Vice President and Treasurer	  	
				
	Date:	 		  	10-17-11	  	

 Summary of Indicative Terms and Conditions 

(“Senior Secured Credit Facility Term Sheet”) 

Rentech Nitrogen, LLC 
 $25,000,000 Senior Secured Credit Facility 
 October 13, 2011

  

	 BORROWER: 
	Rentech Nitrogen, LLC (the “Borrower”), a Delaware limited liability company that will be the successor-in-interest to Rentech Energy Midwest Corporation.

  

	 GUARANTOR: 
	Rentech Nitrogen Partners, L.P (the “Guarantor”). 

  

	 ADMINISTRATIVE AGENT: 
	General Electric Capital Corporation (“GE Capital” or “Agent”). 

  

	 LENDERS: 
	GE Capital and/or its affiliates and assigns. 

  

	
SENIOR SECURED                     
    CREDIT FACILITY: 
	Up to a $25 million senior secured revolving credit facility (“Revolving Credit Facility”) with a Letter of Credit sublimit of up to $2,500,000 (the “LC
Subfacility”). The LC Subfacility would provide for the issuance of letters of credit for the account of Borrower. If GE Capital is an L/C Issuer, it may elect only to issue letters of credit in its own name or in the name of one of
its affiliates and such letters of credit may not be accepted by certain beneficiaries. Outstanding letters of credit will be reserved from availability under the Revolving Credit Facility. 

 

	 USE OF PROCEEDS: 
	For funding working capital and general corporate purposes. 

  

	 APPLICABLE MARGINS: 
	The Applicable Margins shall be as follows: 

  

			
	Applicable Base Rate Margin	  	3.25%
	Applicable LIBOR Margin	  	4.25%
	Applicable Unused Revolving Credit Facility Fee Margin	  	0.50%

  

	 INTEREST RATES: 
	For all loans, at the Borrower’s option, either (i) at the LIBOR Rate (as defined below) plus the Applicable Margin(s) or (ii) floating at the Base Rate (as defined below) plus
the Applicable Margin(s). 

  

	 	The Base Rate will be a floating rate defined as the highest of (a) the rate last quoted by The Wall Street Journal (or another national publication
selected by the Agent) as the U.S. “Prime Rate,” (b) the Federal Funds Rate plus 50 basis points, and (c) the sum of three-month LIBOR plus the excess of the LIBOR applicable margin over the Base Rate applicable margin.

	 	LIBOR will be defined as, for each Interest Period, the offered rate per annum for deposits of Dollars for the applicable Interest Period (as defined below) that
appears on Reuters Screen LIBOR01 Page as of 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in each Interest Period, If no such offered rate exists, such rate will be the rate of interest per annum, as determined
by Agent at which deposits of Dollars in immediately available funds are offered at 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in such Interest Period by major financial institutions reasonably satisfactory
to Agent in the London interbank market for such Interest Period for the applicable principal amount on such date of determination. 

  

	 	Interest Period means, with respect to any LIBOR Rate loan, the period commencing on the Business Day the Loan is disbursed, converted or continued as a LIBOR Rate loan
and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its notice of borrowing, conversion or continuation. No more than five (5) Interest Periods shall be in effect at any time. No loan may be converted
into, or continued as, a LIBOR Rate loan at any time when an event of default shall have occurred and be continuing. 

  

	 	Interest on Base Rate loans will be payable quarterly in arrears on the first day of each fiscal quarter. Interest on LIBOR Rate loans will be payable at the end of
each Interest Period and, in addition, quarterly in the case of a six month Interest Period. All interest on LIBOR Rate loans and on Letters of Credit will be calculated using a 360 day year and actual days elapsed. All interest on Base Rate loans
will be calculated using a 365/366 day year and actual days elapsed. 

  

	 	At the election of the Agent, upon the occurrence and during the continuance of a default, the obligations shall bear interest at a default rate of interest equal to an
additional two percent (2%) per annum over the rate otherwise applicable and such interest will be payable on demand. 

  

	 MATURITY:  
	24 months from closing date. 

  

	 SECURITY: 
	The Agent shall receive a first priority perfected security interest in all existing and after-acquired real and personal property assets (including any capital stock) of the Borrower. All
collateral will be free and clear of other liens, claims, and encumbrances, except permitted liens and encumbrances acceptable to the Agent (to be set forth in the Revolving Credit Facility documentation). 

 

	 	 The Guarantor shall grant a first priority perfected security interest in all of its existing and after-acquired real and personal property assets (including any
capital stock owned by it), and all of the collateral securing the guaranties will be free and clear of other liens, claims, and 

	 	 
encumbrances, except permitted liens and encumbrances acceptable to the Agent (to be set forth in the Revolving Credit Facility documentation). Agent understands that certain security documents
relating to the mortgage(s) or title commitment(s) for all of Borrower’s owned real property may have to be finalized within an agreed upon time frame after closing of the Revolving Credit Facility. 

 

	 	Agent’s liens and security interests shall be evidenced by documentation reasonably satisfactory to Agent, including search results, collateral releases from prior
lenders, landlord, mortgagee and bailee waivers, and in the case of real estate collateral, title insurance policies (supported by surveys) in amount, form and from an issuer reasonably satisfactory to Agent. All obligations under the Revolving
Credit Facility shall be cross-collateralized with each other and with collateral provided by any subsidiary of Borrower or the Guarantor. 

  

	 FEES: 
	Commitment Fee of $187,500 due and payable to Agent upon acceptance of a commitment letter. 

  

	 	Closing Fee of $187,500 due and payable to Agent at closing. 

  

	 	Prepayment premium, payable in the event that the committed amount of the Revolving Credit Facility is reduced or terminated prior to the first anniversary of the
closing date, in an amount equal to the committed amount of the Revolving Credit Facility being reduced multiplied by 2%. The prepayment premium shall be paid in addition to the concurrent payment of any applicable LIBOR breakage costs.

  

	 	An Unused Revolving Credit Facility Fee in an amount equal to the Applicable Unused Revolving Credit Facility Fee Margin (i.e., 0.50%) on the average unused daily
balance of the Revolving Credit Facility (less any outstanding letters of credit) to be paid quarterly to the Agent for the account of itself and the other Lenders under the Revolving Credit Facility on the first day of each calendar quarter.

  

	 	Facility administration fee of $60,000 per annum, due and payable annually to GE Capital in advance on the closing date and on each anniversary thereof.

  

	 	Letter of credit fees for all letters of credit issued under the LC Subfacility in an amount equal to the Applicable LIBOR Margin (i.e., 4.25%) on the outstanding face
amount of all letters of credit, such fee to be paid monthly in arrears to the Agent for the account of itself and the other Lenders on the first day of each calendar month. 

 

	 	 Customary letter of credit fees to each L/C Issuer, upon the issuance, amendment or extension of letters of credit at the prevailing rate. Such fees will be due and
payable to the Agent for the account of the issuing 

	 	 
bank or issuing banks, as the case may be, in respect of such letters of credit. 

  

	 	All fees will be calculated using a 360-day year and actual days elapsed. 

 

	 REVOLVING CREDIT
FACILITY                     DOCUMENTATION: 
	The loan documents will contain (a) provisions relating to Rentech Nitrogen Holdings, Inc. (“RNHI”) and Rentech Nitrogen GP, LLC (“GP”), including
(i) a representation and warranty that (A) RNHI does not own any property other than equity interests that it currently holds and (B) GP does not own any property other than equity interests that it currently holds or property
relating to the employees of the GP and (ii) events of default if (A) Rentech, Inc. ceases to control the board of directors of both RHI and GP, (B) RNHI engages in any business activities or owns any property other than ownership of
any equity interests that it currently holds, and (C) GP engages in any business activities or owns any property other than ownership of any equity interests that it currently holds or activities relating to holding employees at the GP or
services to be provided for the benefit of the Borrower, and (b) other conditions precedent, affirmative, negative, financial reporting and financial covenants, LIBOR breakage provisions, indemnities, events of default and remedies, and other
provisions, and the Borrower will make representations and warranties, all as required by Agent and acceptable to the Borrower. Without limitation of the foregoing, no dividend or distribution by Borrower to Rentech Nitrogen Partners, L.P. or its
unitholders will be permitted under the definitive documentation for the Revolving Credit Facility unless (1) prior to and after giving pro forma effect to such dividend or distribution, no event of default shall have occurred and be
continuing, and (2) Borrower shall have delivered to Agent, as of the date of any such dividend or distribution, a certificate in which Borrower represents that it is in compliance with the terms of the Revolving Credit Facility documentation,
including the financial covenants, as of the date of such dividend or distribution. 

  

	 FINANCIAL STATEMENTS 
	Borrower shall deliver, at a minimum, the following: 

 & OTHER
REPORTS:  

	 	•	 	 Monthly internally prepared financial statements including a compliance certificate and management discussion and analysis.

	 	•	 	 Quarterly financial statements including a management discussion and analysis (as would be satisfied by the filing of the Exchange Act reports by the
Guarantor). 

	 	•	 	 Annual audited financial statements (as would be satisfied by the filing of the Exchange Act reports by the Guarantor). 

	 	•	 	 Annual budget and supporting assumptions. 

	 	•	 	 Annual insurance reports and other information to be defined in the Revolving Credit Facility documentation or as otherwise reasonably required by
Agent. 

	 FINANCIAL COVENANTS: 
	Financial covenants to be determined and may include: 

  

	 	•	 	 Adjusted EBITDA (to be defined in the definitive documentation for the Revolving Credit Facility) to be not less than $30,000,000 as of the end of each
fiscal quarter for the twelve month period ending on such date. 

	 	•	 	 Minimum Fixed Charge Coverage Ratio (defined as (a) Adjusted EBITDA minus unfinanced capital expenditures divided by (b) the
sum of (i) interest expense paid or accrued, (ii) principal payments, and (iii) taxes paid or payable) of not less than 1.0 to 1.0 as of the end of each fiscal quarter for the twelve month period ending on such date.

	 	•	 	 Amounts outstanding under the Revolving Credit Facility (other than outstanding letters of credit under the LC Subfacility) shall be reduced to zero
for two periods of 10 consecutive business days (each, a “Cleandown Period”) during each year, with all liabilities of Borrower being paid currently during each such Cleandown Period; provided, that there shall be an interval
of not less than four months between any two Cleandown Periods. 

  

	 CONDITIONS TO CLOSING: 
	Other terms and conditions all acceptable to Agent include, but are not limited to, the following: 

  

	 	•	 	 Satisfactory completion of Agent’s business, legal and environmental due diligence (including a Phase I environmental site assessment by a third
party acceptable to Agent, it being agreed that ENVIRON International Corporation is acceptable to Agent). 

	 	•	 	 Satisfactory review of corporate structure, capital structure, other debt instruments, material contracts, governing documents of Borrower and its
affiliates, all inter-creditor agreements, if any and all other material agreements. 

	 	•	 	 Consummation of the conversion or transfer of assets of Rentech Energy Midwest Corporation to Borrower, which conversion or transfer shall be in form
and substance reasonably satisfactory to Agent. 

	 	•	 	 Consummation of the initial public offering by Rentech Nitrogen Partners, L.P. and extinguishment of all other debt of the Borrower (other than
immaterial items consented to by the Agent) at such time. 

	 	•	 	 Receipt by Agent of federal flood insurance policies or binders for each parcel of real estate located in a Special Flood Hazard Area.

	 	•	 	 Background and reference checks with results satisfactory to Agent. 

	 	•	 	 No material adverse change. 

  

	 GOVERNING LAW:  
	New York.Form of Indemnification Agreement

 Exhibit 10.30 

 
 INDEMNIFICATION AGREEMENT 

 
 Rentech Nitrogen Partners, L.P. 

 
 This indemnification agreement (this “Agreement”)
is made and entered into as of ________ ___, 2011 between Rentech Nitrogen Partners, L.P, a Delaware limited partnership (the “Partnership”), and ___________ of _______________ (“Indemnitee”). 

 
 RECITALS: 

 
 A. Indemnitee currently serves as an officer or director of
Rentech Nitrogen GP, LLC, a Delaware limited liability company and the general partner of the Partnership (the “General Partner”). As such, Indemnitee may be subjected to claims, suits or proceedings. 

 
 B. Indemnitee has indicated that it was and is a condition of
Indemnitee’s acceptance and continuing in such service that, among other things, the Partnership agrees to indemnify Indemnitee against liabilities, expenses and costs incurred in connection with any such claims, suits or proceedings, in
accordance with, and to the fullest extent permitted by, the Delaware Revised Uniform Limited Partnership Act, other applicable law and/or the Second Amended and Restated Agreement of Limited Partnership of the Partnership (as may be amended from
time to time, the “Partnership Agreement”); and 
  
 C. Indemnitee is an “Indemnitee” as such term is defined in the Partnership Agreement. 
  

D. Section 7.7 of the Partnership Agreement provides for indemnification of directors and officers of the General Partner, and
provides that the Partnership may enter into additional indemnification agreements with any Indemnitee. 
  

AGREEMENT: 
  

Now, therefore, in consideration of Indemnitee’s acceptance and continuation of service as an officer or director of the General
Partner after the date of this Agreement, and in consideration of the mutual covenants stated herein, the parties agree as follows: 
  

1. Definitions. As used in this Agreement, the following terms have the following meanings: 

 
 (a) Disinterested Director. The term
“Disinterested Director” means, with respect to any request by Indemnitee for indemnification hereunder, a director of the General Partner who at the time of the vote is not a named defendant or respondent in the Proceeding in respect of
which indemnification is sought by Indemnitee. 

 (b) DRULPA. The term “DRULPA” means the Delaware Revised Uniform Limited
Partnership Act, as amended. 
  
 (c) ERISA.
The term “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
  
 (d) Proceeding. The term “Proceeding” means any threatened, pending or completed action, suit, claim, counterclaim, cross claim, arbitration, mediation, alternative dispute resolution
mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding whether civil, criminal, administrative, regulatory, legislative or investigative, and whether formal or informal, including appeals.

  
 (e) Representative. As used in reference
to Indemnitee, the term “Representative” means Indemnitee’s serving in the capacity of an officer or director of the General Partner and, while an officer or director of the General Partner, Indemnitee’s serving at the General
Partner’s request as a director, officer, agent, associate, employee, fiduciary, manager, member, partner, promoter, or a trustee of, or holding a similar position with, any corporation, partnership, joint venture, trust, other enterprise or
person or employee benefit plan. 
  
 2. Agreement to
Indemnify. The Partnership shall indemnify, and keep indemnified, Indemnitee in accordance with, and to the fullest extent permitted and/or required by, the DRULPA and other applicable law, from and against any losses, claims, damages,
liabilities, whether joint or several, judgments, penalties, fines (including but not limited to ERISA penalties and excise taxes), interest, amounts paid in settlement and reasonable expenses (including but not limited to expenses of investigation
and preparation and fees and disbursements of Indemnitee’s counsel, accountants or other experts) actually incurred by Indemnitee in connection with any Proceeding in which Indemnitee was or is made a party or was or is involved (for example,
as a witness) because Indemnitee is or was a Representative, which includes any actual or alleged action or failure to act by Indemnitee in his or her capacity as a Representative. 

 
 3. Insurance. 
  
 (a) So long as Indemnitee may be subject to any possible Proceeding by reason of the fact that Indemnitee is or
was a Representative, to the extent the General Partner or the Partnership maintains an insurance policy or policies providing directors’ and officers’ liability insurance, the Partnership shall ensure that Indemnitee shall be covered by
such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage applicable to a Representative. 
  

(b) If Indemnitee shall cease to be a Representative for any reason, the Partnership shall procure a run-off directors’ and
officers’ liability insurance policy with respect to claims arising from facts or events that occurred before the time Indemnitee ceased to be a Representative, which policy, without any lapse in coverage,

  
 2 

 
will provide coverage for a period of six years after the time Indemnitee ceased to be a Representative and will provide coverage (including amount and type of coverage and size of deductibles)
that is substantially comparable to the General Partner’s or the Partnership’s directors’ and officers’ liability insurance policy that was most protective of Indemnitee in the 12 months preceding the time Indemnitee ceased to be
a Representative, provided, however, that: 
  
 (i)
this obligation shall be suspended during the period immediately following the time Indemnitee ceases to be a Representative if and only so long as the General Partner or the Partnership has a directors’ and officers’ liability insurance
policy in effect covering Indemnitee for such claims that, if it were a run-off policy, would meet or exceed the foregoing standards; and 
  

(ii) no later than the end of the suspension period provided in the preceding clause (i), the Partnership shall procure a run-off
directors’ and officers’ liability insurance policy meeting the foregoing standards and lasting the remainder of the six-year period. 
  

4. Advances. In the event of any Proceeding in which Indemnitee is a party or is involved and which may give rise to a right of indemnification
from the Partnership pursuant to this Agreement, following written request to the Partnership by Indemnitee, the Partnership shall pay to Indemnitee, in accordance with and to the fullest extent permitted and/or required by the DRULPA and other
applicable law, amounts to cover reasonable expenses incurred by Indemnitee in such Proceeding in advance of its final disposition upon receipt of (a) a written affirmation by Indemnitee of Indemnitee’s good faith belief that Indemnitee
has met any applicable standard of conduct; (b) a written undertaking executed by or on behalf of Indemnitee to repay the advance if it shall ultimately be determined that Indemnitee did not meet such standard of conduct; and
(c) satisfactory evidence as to the amount of such expenses (which shall include invoices received by Indemnitee in connection with such expenses but, in the case of invoices in connection with legal services, any references to legal work
performed or to expenditures made that would cause Indemnitee to waive any privilege accorded by applicable law shall not be so included). 
  

5. Burden of Proof. If under applicable law, the entitlement of Indemnitee to be indemnified or advanced expenses hereunder depends upon whether a
standard of conduct has been met, the burden of proof of establishing that Indemnitee did not act in accordance with such standard shall rest with the Partnership. Indemnitee shall be presumed to have acted in accordance with such standard and to be
entitled to indemnification or the advancement of expenses (as the case may be) unless, based upon a preponderance of the evidence, it shall be determined that Indemnitee has not met such standard. Such determination and any evaluation as to the
reasonableness of amounts claimed by Indemnitee shall be made by either (a) a majority vote of the Disinterested Directors; (b) a majority vote of a committee consisting of Disinterested Directors designated to act in the matter by a
majority vote of Disinterested Directors; (c) if there are no Disinterested Directors or if the Disinterested Directors so choose, independent legal counsel in a written opinion; or (d) by the unitholders of the

  
 3 

 
Partnership. For purposes of this Agreement, unless otherwise expressly stated, the termination of any Proceeding by judgment, order, settlement (whether with or without court approval) or
conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not
permitted by applicable law. 
  
 6. Notice to the Partnership.
Indemnitee shall notify the Partnership, by written submission to the Secretary of the General Partner, of any matter for which Indemnitee intends to seek indemnification hereunder as soon as reasonably practicable following the receipt by
Indemnitee of written notice thereof; provided, however, that delay in so notifying the Partnership shall not constitute a waiver or release by Indemnitee of rights hereunder. The written notification to the Partnership shall include a
description of the nature of the Proceeding and the facts underlying the Proceeding, in each case to the extent known by Indemnitee. If the Partnership maintains an insurance policy providing directors’ and officers’ liability insurance
that covers Indemnitee, the Partnership, at the time that any such notice is received from Indemnitee, shall give prompt notice thereof to the insurers in accordance with the procedures set forth in the applicable policy. 

 
 7. Counsel for Proceeding. In the event of any Proceeding in which
Indemnitee is a party or is involved and which may give rise to a right of indemnification hereunder, the Partnership shall have the right to retain counsel reasonably satisfactory to Indemnitee to represent Indemnitee and any others the Partnership
may designate in such Proceeding. In any such Proceeding, Indemnitee shall have the right to retain Indemnitee’s own counsel, but the fees and expenses of such counsel shall be at the expense of Indemnitee unless (a) the retention of such
counsel has been specifically authorized by the Partnership; (b) representation of Indemnitee and another party by the same counsel would be inappropriate, in the reasonable judgment of Indemnitee, due to actual or potential differing interests
between them (as might be the case for representation of both the Partnership and Indemnitee in a Proceeding by or in the right of the Partnership); (c) the counsel retained by the Partnership and satisfactory to Indemnitee has advised
Indemnitee, in writing, that such counsel’s representation of Indemnitee would be likely to involve such counsel in representing differing interests which could adversely affect either the judgment or loyalty of such counsel to Indemnitee,
whether it be a conflicting, inconsistent, diverse or other interest; or (d) the Partnership shall fail to retain counsel for Indemnitee in such Proceeding. Notwithstanding the foregoing, if an insurance carrier has supplied directors’ and
officers’ liability insurance covering a Proceeding and is entitled to retain counsel for the defense of such Proceeding, then the insurance carrier shall retain counsel to conduct the defense of such Proceeding unless Indemnitee and the
Partnership concur in writing that the insurance carrier’s doing so is undesirable. The Partnership shall not be liable under this Agreement for any settlement of any Proceeding effected without its written consent. The Partnership shall not
settle any Proceeding in any manner which would impose any penalty or limitation on Indemnitee without Indemnitee’s written consent. Consent to a proposed settlement of any Proceeding shall not be unreasonably withheld by either the Partnership
or Indemnitee. 

  
 4 

 8. Enforcement. The Partnership acknowledges that Indemnitee is relying upon this Agreement in
serving as a Representative. If a claim for indemnification or advancement of expenses is not paid in full by the Partnership within ninety (90) days after a written claim has been received from Indemnitee by the Partnership, Indemnitee may at
any time bring suit against the Partnership to recover the unpaid amount of the claim. If successful in whole or in part in such suit, Indemnitee shall also be entitled to be paid all reasonable fees and expenses (including without limitation fees
of counsel) in bringing and prosecuting such claim. Whether or not Indemnitee has met any applicable standard of conduct, the Court in such suit may order indemnification or the advancement of expenses as the Court deems proper (subject to any
express limitation of the Partnership Agreement). Further, the Partnership shall indemnify Indemnitee from and against any and all expenses (including reasonable attorneys’ fees) and, if requested by Indemnitee, shall (within ten business days
of such request) advance such expenses to Indemnitee, which are incurred by Indemnitee in connection with any claim asserted against or suit brought by Indemnitee for recovery under any directors’ and officers’ liability insurance policies
maintained by the Partnership, regardless of whether Indemnitee is unsuccessful in whole or in part in such claim or suit. 
  

9. Nonexclusivity. The rights of Indemnitee to receive indemnification and advancement of expenses under this Agreement shall be in addition to,
and shall not be deemed exclusive of, any other rights Indemnitee shall have under the DRULPA or other applicable law, the certificate of limited partnership or the Partnership Agreement of the Partnership, any other agreement, vote of members or
unitholders or a resolution of directors, or otherwise. No amendment or alteration of the certificate of limited partnership or the Partnership Agreement of the Partnership shall adversely affect Indemnitee’s rights hereunder. Any amendment,
alteration or repeal of the DRULPA or other applicable law that adversely affects any right of Indemnitee hereunder shall, to the fullest extent permitted by law, be prospective only and shall not limit or eliminate any such right with respect to
any Proceeding involving any occurrence or alleged occurrence of any action or omission to act that took place before such amendment or repeal. 
  

10. Limitations on Indemnification. Notwithstanding any other provision herein to the contrary, the Partnership shall not be obligated pursuant to
this Agreement: 
  
 (a) To indemnify or advance
expenses to Indemnitee with respect to a Proceeding (or part thereof), however denominated, initiated by Indemnitee, including any Proceeding (or any part thereof) initiated by Indemnitee against the Partnership or the Partnership’s directors,
officers, employees or other indemnitees, other than (i) a Proceeding brought to establish or enforce a right to indemnification or advancement of expenses under this Agreement, (ii) a Proceeding (or part thereof) authorized or consented
to by the General Partner prior to its initiation, it being understood and agreed that such authorization or consent shall not be unreasonably withheld in connection with any compulsory counterclaim or counterclaim or affirmative defense brought or
raised by Indemnitee in response to a Proceeding otherwise indemnifiable under this Agreement, and (iii) a Proceeding in which the Partnership provides 

  
 5 

 
indemnification, in its sole discretion, pursuant to the powers vested in the Partnership under the Partnership Agreement or applicable law. 

 
 (b) To indemnify Indemnitee for any expenses incurred by
Indemnitee with respect to any Proceeding initiated by Indemnitee to enforce or interpret this Agreement, unless Indemnitee is successful in such Proceeding in establishing Indemnitee’s right, in whole or in part, to indemnification or
advancement of expenses hereunder, or unless and to the extent that the court in such action, suit or proceeding shall determine that, despite Indemnitee’s failure to establish its right to indemnification, Indemnitee is entitled to indemnity
for such expenses; provided, however, that nothing in this Section 10(b) is intended to limit the Partnership’s obligations with respect to the advancement of expenses to Indemnitee in connection with any such action, suit or proceeding
instituted by Indemnitee to enforce or interpret this Agreement, as provided in Section 8 hereof. 
  

(c) To indemnify Indemnitee on account of conduct by Indemnitee where such conduct has been determined by a final (not interlocutory)
judgment or other adjudication of a court or arbitrator or administrative body of competent jurisdiction to have been knowingly fraudulent or constitute willful misconduct as to which there is no further right or option of appeal or the time within
which an appeal must be filed has expired without such filing. 
  
 (d) To indemnify Indemnitee in any circumstance where such indemnification has been determined to be prohibited by law by a final (not interlocutory) judgment or other adjudication of a court or
arbitrator or administrative body of competent jurisdiction as to which there is no further right or option of appeal or the time within which an appeal must be filed has expired without such filing. 

 
 11. Miscellaneous. 

 
 (a) Effectiveness. This Agreement shall be effective for and
shall be applied to acts or omissions prior to, on or after the date of this Agreement. 
  
 (b) Mutual Acknowledgments. Both the Partnership and Indemnitee acknowledge that in certain instances, applicable law (including applicable federal law that may preempt or override applicable state
law) or public policy may prohibit the Partnership from indemnifying the directors, officers, employees, agents or fiduciaries of the Partnership under this Agreement or otherwise. For example, the Partnership and Indemnitee acknowledge that the
U.S. Securities and Exchange Commission has taken the position that indemnification of directors, officers and controlling persons of the Partnership for liabilities arising under federal securities laws is against public policy and, therefore,
unenforceable. Indemnitee understands and acknowledges that the Partnership has undertaken or may be required in the future to undertake with the Securities and Exchange Commission to submit the question of indemnification to a court in certain
circumstances for a determination of the Partnership’s right under public policy to indemnify Indemnitee. In addition, the Partnership and Indemnitee 

  
 6 

 
acknowledge that federal law prohibits indemnifications for certain violations of ERISA. 
  

(c) Survival; Continuation. The rights of Indemnitee hereunder shall inure to the benefit of Indemnitee (even after Indemnitee
ceases to be a Representative), Indemnitee’s personal representative, heirs, executors, administrators and beneficiaries; and this Agreement shall be binding upon the Partnership, its successors and assigns. The rights of Indemnitee under this
Agreement shall continue so long as Indemnitee may be subject to any possible Proceeding because of the fact that Indemnitee was an Indemnitee of the Partnership. If the Partnership sells, leases, exchanges or otherwise disposes of, in a single
transaction or series of related transactions, all or substantially all of its property and assets, the Partnership shall, as a condition precedent to such transaction, cause effective provision to be made so that the person or entity acquiring such
property and assets shall become bound by and replace the Partnership under this Agreement. 
  
 (d) Governing Law. This Agreement shall be governed by the laws of the State of Delaware. Any Proceeding arising out of or based upon this Agreement may be instituted in the United States District
Court for the District of Delaware or the courts of the State of Delaware, in each case located in the County of New Castle, and Indemnitee and the Partnership each irrevocably submits to the exclusive jurisdiction (except for proceedings instituted
in regard to the enforcement of a judgment of any such court, as to which such jurisdiction is non-exclusive) of such courts in any such Proceeding. 
  

(e) Severability. If any provision of this Agreement shall be held to be prohibited by or invalid under applicable law, such
provision shall be deemed amended to accomplish the objectives of the provision as originally written to the fullest extent permitted by law and all other provisions shall remain in full force and effect. 

 
 (f) Amendment. No amendment, termination or
cancellation of this Agreement shall be effective unless in writing signed by the Partnership and Indemnitee. 
  

(g) Other Payments. The Partnership shall not be liable under this Agreement to make any payment in connection with any Proceeding
against or involving Indemnitee to the extent Indemnitee has otherwise actually received payment (under the Partnership Agreement, any insurance policy or otherwise) of the amounts otherwise indemnifiable hereunder. Indemnitee shall repay to the
Partnership the amount of any payment the Partnership makes to Indemnitee under this Agreement in connection with any Proceeding against or involving Indemnitee, to the extent Indemnitee has otherwise actually received payment (under the Partnership
Agreement, any insurance policy or otherwise) of such amount. 
  
 (h) Subrogation. In the event of payment under this Agreement, the Partnership shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute
all papers required and shall do everything 

  
 7 

 
that may be reasonably necessary to secure such rights, including the execution of such documents necessary to enable the Partnership effectively to bring suit to enforce such rights. 

 
 (i) Headings. The headings in this Agreement are for
convenience only and are not to be considered in construing this Agreement. 
  
 (j) Counterparts. This Agreement may be executed in counterparts, both of which shall be deemed an original, and together shall constitute one document. 

 
 The parties have executed this Agreement as of the day and
year first above stated. 
  

					
	RENTECH NITROGEN PARTNERS, L.P.	  		  	INDEMNITEE
			
	By:                             
                                         
                                     	  		  	                             
                                         
                                        

  
 8

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