Can model builder automaticly update output names?

I have a model built that will take a line.shp file, manipulate it and produce two other .shp files. The input file as well as the two output files are marked as Parameters.

I would like my output files to be named based on the intitial input file. As it is now, when the tool is run the parameter inputs default to the name of the file I used to build the model. When a new file is put into the first parameter box, I would like the other two to also update to reflect the change. Is there a way to have the second two parameters update when the first is set?

Thanks.