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[Before resolution]
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Parameter 'A' .................. '/some/dir'
Parameter 'B' .................. '/_#A#_/DeeperDir'
Parameter 'C' .................. '/_#B#_/EvenDeeperDir'

-------------------------------------------------------------------------------
[After resolution]
-------------------------------------------------------------------------------
Parameter 'A' .................. '/some/dir'
Parameter 'B' .................. '//some/dir/DeeperDir'
Parameter 'C' .................. '///some/dir/DeeperDir/EvenDeeperDir'