What might this term (N sub C) be, calculating ripple current for a buck converter output capacitor?
Most likely, number of capacitors.

If you make your (for example) 100 uF output capacitance using three 33-uF capacitors in parallel, then the ripple current each one needs to handle is only 1/3 of the total ripple current.

(Even though it doesn't look like the parameter is ever explained, nor is the possibility of multiple parallel capacitors discussed, the text immediately above the equation talks about the current for "each capacitor", implying that in some draft the author had the idea of using multiple capacitors, even if this didn't make it into the final version of the datasheet)