$modelname
From Valve Developer Community
The $modelname QC command must be used. It specifies the output folder (relative to game_dir/models/) and filename of the compiled model.
Tip: By convention this should be the same name as the QC file, but it doesn't have to be.[edit]
Example
$modelname "weapons/shell.mdl" $cdmaterials "models/weapons/" $body shell "shell-ref.smd" $sequence idle "shell-idle.smd"
Including .mdl is optional but makes the script easier to understand.
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