Reservation of name allows exclusive hold on a proposed LLP name subject to registrar discretion and prescribed rules. Reservation of name permits an applicant to seek exclusive reservation of a proposed LLP name or a proposed changed name by applying in prescribed form and paying the prescribed fee. The Registrar may, if satisfied and subject to applicable procedural rules and statutory grounds for name rejection, reserve the name for a specified period, operating under conditioned discretion to refuse names that fall within prohibited categories.