Context-sensative in this case just means that the context is take into account. It has nothing to do with location being a "sensative" or "secret" attribute.
There's a lot of potential contexts which can be used to aid in authorization.
Location and time are by far the most common.
E.X.
Is the request coming from the corporate network?
Is the user VPNed in?
What is the GPS location of the user?
Is this normal business hours?
How many of these requests have been made in the last N hours?
Context authorization usually also includes roles, which can be implemented using RBAC.