If the DSA does not master any information (e.g. it is an LDAP gateway to a public X.500 directory) the NamingContext attribute will be absent.
If the DSA believes it contains the entire Directory Information Base, the attribute will have a single value, and that value will be the empty string indicating the null DN of the top of the Directory Information Tree.
NamingContext attribute will allow a client (DUA) to choose suitable BaseDN for searching when it has contacted a DSA.