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As long as you can still register for the exam, you should be offered the early-bird fee.
Using your example, here are the registration deadlines for Feb’22 and May’22:
- Feb’22:
- Early reg: 10 Aug 2021
- Final deadline: 1 Nov 2021
- May’22
- Early reg: 1 Nov 2021
- Final deadline: 1 Feb 2022
If the scholarship results are released in December, the Feb’22 registration deadlines are all closed, so you won’t be able to register for Feb’22. However you will be able to register for May’22 at early-bird rate, even though the early registration deadline (1 Nov 2021) has passed.