I don't think it should be a problem. You have the right to name your baby whatever you want to, as does everyone else. If its a name you or they like, then why not use it?

The only condition I would put on that is having someone in the same family of the same generation with that name. We had that situation when naming Al, and discovered he had a second cousin with the original choice of name we had chosen. They would have both had the same first and second name and are only 12months apart. So we changed to Alexander (after a lot of discussions).