Where a contractual defined term means a document or forecast containing a list of prescribed information, the orthodox approach of mechanically substituting the full definition into operative clauses is not necessarily appropriate. The court must consider whether the context of each operative clause requires all the information in the list, or only that part which is relevant to the purpose of the particular clause. The qualification 'unless the context otherwise requires' permits the court to read a reference to the defined term as not incorporating all components of the definition where the context and purpose of the operative clause so indicate.
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